QSV Equity Investors LLC Boosts Stake in NETSTREIT Corp. (NYSE:NTST)

QSV Equity Investors LLC increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,533 shares of the company’s stock after purchasing an additional 1,214 shares during the period. QSV Equity Investors LLC owned approximately 0.10% of NETSTREIT worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NTST. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NETSTREIT by 1,931.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after purchasing an additional 1,535,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NETSTREIT by 765.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock worth $10,508,000 after purchasing an additional 562,273 shares during the last quarter. Rush Island Management LP raised its holdings in shares of NETSTREIT by 18.0% during the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company’s stock worth $39,093,000 after purchasing an additional 359,993 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of NETSTREIT by 42.4% during the second quarter. Marshall Wace LLP now owns 1,009,106 shares of the company’s stock worth $16,247,000 after purchasing an additional 300,481 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in shares of NETSTREIT by 1,948.0% during the third quarter. Quest Partners LLC now owns 256,351 shares of the company’s stock worth $4,237,000 after purchasing an additional 243,834 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on NTST shares. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. UBS Group started coverage on shares of NETSTREIT in a research report on Monday, October 14th. They set a “buy” rating and a $19.00 price target on the stock. Raymond James upgraded shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. Wedbush started coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a “neutral” rating and a $17.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NETSTREIT currently has an average rating of “Moderate Buy” and an average target price of $18.25.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $15.73 on Thursday. The company’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $16.42. NETSTREIT Corp. has a 52-week low of $15.04 and a 52-week high of $18.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT (NYSE:NTST) last announced its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.37). NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. The company had revenue of $41.44 million during the quarter, compared to analyst estimates of $41.10 million. During the same quarter last year, the business earned $0.31 EPS. Sell-side analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.34%. NETSTREIT’s payout ratio is presently -1,399.77%.

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.