Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in NETSTREIT Corp. (NYSE:NTST)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,262 shares of the company’s stock after acquiring an additional 2,272 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of NETSTREIT worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NTST. Cohen & Steers Inc. grew its position in NETSTREIT by 3.0% in the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock valued at $94,287,000 after buying an additional 191,846 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in NETSTREIT in the 1st quarter valued at $2,389,000. LPL Financial LLC purchased a new position in NETSTREIT in the 4th quarter valued at $236,000. Freestone Grove Partners LP purchased a new position in NETSTREIT in the 4th quarter valued at $363,000. Finally, Raymond James Financial Inc. purchased a new position in NETSTREIT in the 4th quarter valued at $927,000.

Wall Street Analyst Weigh In

NTST has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Truist Financial set a $19.00 price objective on shares of NETSTREIT in a research report on Friday, July 25th. UBS Group boosted their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Bank of America upgraded shares of NETSTREIT from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Monday, July 28th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $21.00 target price on shares of NETSTREIT in a research report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $18.83.

NETSTREIT Trading Down 0.3%

NYSE:NTST opened at $18.53 on Thursday. The company has a market capitalization of $1.55 billion, a PE ratio of -231.59, a price-to-earnings-growth ratio of 4.28 and a beta of 0.89. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.95. The stock has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $15.88.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. NETSTREIT’s dividend payout ratio is presently -1,050.00%.

NETSTREIT Company Profile

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.