NETSTREIT Corp. $NTST Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,270 shares of the company’s stock after selling 4,660 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Prudent Man Advisors LLC grew its holdings in shares of NETSTREIT by 25.9% in the second quarter. Prudent Man Advisors LLC now owns 12,737 shares of the company’s stock valued at $216,000 after purchasing an additional 2,619 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in NETSTREIT in the 2nd quarter valued at about $846,000. AlphaQuest LLC boosted its holdings in NETSTREIT by 1,564.1% in the 2nd quarter. AlphaQuest LLC now owns 96,450 shares of the company’s stock valued at $1,633,000 after purchasing an additional 90,654 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in NETSTREIT by 7.6% in the 2nd quarter. Asset Management One Co. Ltd. now owns 125,712 shares of the company’s stock valued at $2,128,000 after purchasing an additional 8,904 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in NETSTREIT by 73.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 130,547 shares of the company’s stock valued at $2,191,000 after purchasing an additional 55,392 shares during the last quarter.

NETSTREIT Stock Performance

NYSE:NTST opened at $18.66 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a market capitalization of $1.56 billion, a P/E ratio of -1,866,300.00, a PEG ratio of 3.33 and a beta of 0.90. The company has a 50 day moving average price of $18.43 and a 200 day moving average price of $17.49. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $19.64.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, December 1st.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 5,600 shares of NETSTREIT stock in a transaction on Friday, September 5th. The shares were bought at an average cost of $17.93 per share, for a total transaction of $100,408.00. Following the acquisition, the chief executive officer directly owned 316,378 shares in the company, valued at $5,672,657.54. This represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NTST shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 target price on shares of NETSTREIT in a report on Wednesday, July 30th. Robert W. Baird boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a report on Wednesday, August 27th. Bank of America upgraded shares of NETSTREIT from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Stifel Nicolaus boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.45.

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.