Nisa Investment Advisors LLC Sells 807 Shares of NETSTREIT Corp. (NYSE:NTST)

Nisa Investment Advisors LLC reduced its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,930 shares of the company’s stock after selling 807 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $300,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NTST. Charles Schwab Investment Management Inc. grew its stake in shares of NETSTREIT by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company’s stock valued at $16,040,000 after purchasing an additional 55,378 shares during the last quarter. Victory Capital Management Inc. boosted its stake in NETSTREIT by 22.4% in the fourth quarter. Victory Capital Management Inc. now owns 104,638 shares of the company’s stock valued at $1,481,000 after acquiring an additional 19,138 shares during the last quarter. Proficio Capital Partners LLC bought a new position in NETSTREIT in the fourth quarter valued at approximately $179,000. Raymond James Financial Inc. bought a new position in NETSTREIT in the fourth quarter valued at approximately $927,000. Finally, PNC Financial Services Group Inc. boosted its stake in NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after acquiring an additional 4,865 shares during the last quarter.

NETSTREIT Trading Up 1.1%

Shares of NYSE:NTST opened at $17.61 on Thursday. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $17.76. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $16.42 and its 200 day simple moving average is $15.44. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -117.38, a PEG ratio of 5.07 and a beta of 0.89.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.77%. NETSTREIT’s payout ratio is -560.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTST. Wells Fargo & Company began coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an “overweight” rating and a $18.00 price objective on the stock. Mizuho raised their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. UBS Group increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of NETSTREIT in a report on Friday, May 23rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NETSTREIT has an average rating of “Buy” and a consensus target price of $18.28.

About NETSTREIT

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.