Prudent Man Advisors LLC Purchases New Holdings in NETSTREIT Corp. (NYSE:NTST)

Prudent Man Advisors LLC purchased a new stake in NETSTREIT Corp. (NYSE:NTST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,118 shares of the company’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in NETSTREIT by 3.7% in the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock valued at $431,000 after purchasing an additional 941 shares during the last quarter. QSV Equity Investors LLC boosted its holdings in 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 last quarter. Van ECK Associates Corp boosted its holdings in NETSTREIT by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 14,729 shares of the company’s stock valued at $208,000 after purchasing an additional 1,366 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in NETSTREIT by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock valued at $609,000 after purchasing an additional 1,490 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in NETSTREIT by 5.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,137 shares of the company’s stock valued at $630,000 after purchasing an additional 2,001 shares during the last quarter.

NETSTREIT Stock Up 0.5 %

Shares of NETSTREIT stock opened at $14.98 on Friday. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $14.24 and its 200-day simple moving average is $15.42. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -249.54 and a beta of 1.00. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s payout ratio is -525.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Raymond James cut their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Mizuho cut their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Capital One Financial assumed coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Stifel Nicolaus cut their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NETSTREIT presently has an average rating of “Buy” and an average price target of $17.75.

NETSTREIT 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.