NETSTREIT Corp. (NYSE:NTST) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 98,700 shares of the company’s stock after purchasing an additional 7,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NETSTREIT were worth $1,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in NETSTREIT in the 3rd quarter valued at $457,000. State Street Corp boosted its position in shares of NETSTREIT by 2.9% during the 3rd quarter. State Street Corp now owns 3,104,081 shares of the company’s stock valued at $51,310,000 after acquiring an additional 87,669 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of NETSTREIT during the 3rd quarter valued at about $480,000. QSV Equity Investors LLC grew its holdings in shares of NETSTREIT by 1.6% in the third quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,214 shares during the period. Finally, Rush Island Management LP increased its position in 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.

NETSTREIT Trading Up 0.1 %

NTST opened at $15.00 on Friday. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.22 billion, a P/E ratio of -250.00 and a beta of 0.97. NETSTREIT Corp. has a 52 week low of $14.83 and a 52 week high of $18.97. The business has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $16.32.

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

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $0.21 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 5.60%. NETSTREIT’s dividend payout ratio is presently -1,400.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Truist Financial decreased their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Wedbush began coverage on NETSTREIT in a research note on Monday, August 19th. They set a “neutral” rating and a $17.00 target price for the company. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Finally, Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.03.

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.