1 day Ago By ABMN Staff
Arizona State Retirement System boosted its holdings in shares of NETSTREIT Corp. ( NYSE:NTST – Free Report ) by 8.6% in the second quarter, HoldingsChannel reports.
The firm owned 20,498 shares of the company’s stock after buying an additional 1,617 shares during the period. Arizona State Retirement System’s holdings in NETSTREIT were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also modified their holdings of NTST.
Parallel Advisors LLC raised its position in shares of NETSTREIT by 702.3% in the fourth quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after acquiring an additional 3,013 shares during the period.
Quadrant Capital Group LLC raised its position in shares of NETSTREIT by 204.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock worth $149,000 after acquiring an additional 5,619 shares during the period.
Van ECK Associates Corp raised its position in shares of NETSTREIT by 13.7% in the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock worth $182,000 after acquiring an additional 1,359 shares during the period.
ProShare Advisors LLC raised its position in shares of NETSTREIT by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after purchasing an additional 977 shares during the last quarter.
Finally, SG Americas Securities LLC acquired a new position in shares of NETSTREIT during the 2nd quarter worth about $316,000. Wall Street Analysts Forecast Growth Several analysts recently issued reports on the stock. Raymond James raised shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $20.
00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank dropped their price objective on shares of NETSTREIT from $18.
00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush assumed coverage on shares of NETSTREIT in a research note on Monday, August 19th.
They issued a “neutral” rating and a $17.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.88.
NETSTREIT Stock Performance NETSTREIT stock opened at $16.62 on Wednesday. The firm has a 50 day simple moving average of $16.
57 and a 200-day simple moving average of $16.96. The company has a debt-to-equity ratio of 0.
55, a current ratio of 4.08 and a quick ratio of 4.08.
NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.
97. The stock has a market cap of $1.22 billion, a price-to-earnings 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) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.
33). NETSTREIT had a return on equity of 0.39% and a net margin of 3.
32%. The company had revenue of $39.57 million during the quarter, compared to analyst estimates of $39.
31 million. During the same quarter in the prior year, the company posted $0.30 earnings per share.
On average, analysts expect that NETSTREIT Corp. will post 1.19 EPS for the current year.
NETSTREIT Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.21 per share.
The ex-dividend date was Tuesday, September 3rd. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21.
This represents a $0.84 dividend on an annualized basis and a yield of 5.05%.
NETSTREIT’s dividend payout ratio is 933.33%. About NETSTREIT ( 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 Want to see what other hedge funds are holding NTST? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NETSTREIT Corp. ( NYSE:NTST – Free Report ). 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.
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