2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado cut its holdings in shares of NETSTREIT Corp. ( NYSE:NTST – Free Report ) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 18,190 shares of the company’s stock after selling 725 shares during the period. Public Employees Retirement Association of Colorado’s holdings in NETSTREIT were worth $293,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also modified their holdings of NTST.
Corient Private Wealth LLC grew its position in shares of NETSTREIT by 5.6% during the fourth quarter. Corient Private Wealth LLC now owns 69,045 shares of the company’s stock worth $1,232,000 after buying an additional 3,682 shares in the last quarter.
Parallel Advisors LLC grew its holdings in NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after acquiring an additional 3,013 shares in the last quarter.
Evoke Wealth LLC bought a new stake in shares of NETSTREIT in the 4th quarter worth about $354,000. Lighthouse Investment Partners LLC increased its position in shares of NETSTREIT by 10.0% in the 4th quarter.
Lighthouse Investment Partners LLC now owns 385,000 shares of the company’s stock worth $6,872,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of NETSTREIT by 4.
3% in the 4th quarter. Cohen & Steers Inc. now owns 9,344,847 shares of the company’s stock valued at $166,806,000 after purchasing an additional 383,240 shares in the last quarter.
NETSTREIT Price Performance Shares of NTST opened at $16.49 on Friday. NETSTREIT Corp.
has a 12 month low of $13.49 and a 12 month high of $18.97.
The company has a debt-to-equity ratio of 0.55, a current ratio of 4.08 and a quick ratio of 4.
08. The stock has a fifty day moving average price of $16.50 and a 200 day moving average price of $16.
91. The company has a market cap of $1.21 billion, a P/E ratio of 183.
22 and a beta of 0.97. 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 paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.
This represents a $0.84 annualized dividend and a dividend yield of 5.09%.
This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. NETSTREIT’s dividend payout ratio (DPR) is presently 933.
33%. Wall Street Analysts Forecast Growth A number of equities analysts recently commented on the company. Raymond James upgraded NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $20.
00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank decreased their target price 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 NETSTREIT in a report on Monday, August 19th.
They issued a “neutral” rating and a $17.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock.
According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.88. Get Our Latest Stock Report on NETSTREIT 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. Recommended Stories 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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