1 day Ago By Defense World Staff
Arizona State Retirement System grew its position in shares of NETSTREIT Corp. ( NYSE:NTST – Free Report ) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 20,498 shares of the company’s stock after purchasing an additional 1,617 shares during the period. Arizona State Retirement System’s holdings in NETSTREIT were worth $330,000 at the end of the most recent reporting period. A number of other institutional investors have also recently made changes to their positions in NTST.
Long Pond Capital LP grew its position in shares of NETSTREIT by 235.2% during the first quarter. Long Pond Capital LP now owns 5,967,437 shares of the company’s stock valued at $109,622,000 after purchasing an additional 4,187,438 shares in the last quarter.
Russell Investments Group Ltd. grew its position in NETSTREIT by 64.9% in the first quarter.
Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock worth $29,277,000 after acquiring an additional 627,514 shares in the last quarter. Vanguard Group Inc.
grew its position in NETSTREIT by 8.3% in the first quarter. Vanguard Group Inc.
now owns 7,352,295 shares of the company’s stock worth $135,062,000 after acquiring an additional 566,513 shares in the last quarter. Cohen & Steers Inc. grew its position in NETSTREIT by 4.
3% in the fourth quarter. Cohen & Steers Inc. now owns 9,344,847 shares of the company’s stock worth $166,806,000 after acquiring an additional 383,240 shares in the last quarter.
Finally, Silvercrest Asset Management Group LLC grew its position in NETSTREIT by 22.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,007,072 shares of the company’s stock worth $18,500,000 after acquiring an additional 183,058 shares in the last quarter.
Analysts Set New Price Targets Several research analysts recently commented on the company. Raymond James upgraded NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $20.00 to $19.
00 in a research report on Wednesday, August 21st. Scotiabank dropped their price target on NETSTREIT from $18.00 to $16.
00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush initiated coverage on shares of NETSTREIT in a research note on Monday, August 19th. They issued a “neutral” rating and a $17.
00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, NETSTREIT currently has a consensus rating of “Moderate Buy” and an average price target of $17.88. NETSTREIT Stock Performance NETSTREIT stock opened at $16.
62 on Wednesday. The company has a 50 day moving average price of $16.57 and a 200-day moving average price of $16.
96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.
08 and a current ratio of 4.08. NETSTREIT Corp.
has a fifty-two week low of $13.49 and a fifty-two week high of $18.97.
The company has a market capitalization of $1.22 billion, a PE ratio of 184.67 and a beta of 0.
97. NETSTREIT ( NYSE:NTST – Get Free Report ) last issued its quarterly earnings data on Monday, July 29th. The company reported ($0.
03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33).
NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%.
The business had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $39.31 million.
During the same period in the previous year, the business earned $0.30 earnings per share. As a group, equities analysts forecast that NETSTREIT Corp.
will post 1.19 earnings per share for the current year. NETSTREIT Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, September 13th.
Shareholders of record on Tuesday, September 3rd were issued a $0.21 dividend. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.
21. This represents a $0.84 annualized dividend and a yield of 5.
05%. The ex-dividend date of this dividend was Tuesday, September 3rd. NETSTREIT’s payout ratio is currently 933.
33%. NETSTREIT Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than NETSTREIT What is a Stock Market Index and How Do You Use Them? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Are Penny Stocks a Good Fit for Your Portfolio? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Uptrend Stocks Explained: Learn How to Trade Using Uptrends Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for NETSTREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETSTREIT and related companies with MarketBeat.com's FREE daily email newsletter .
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