NETSTREIT Corp. $NTST Stock Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in NETSTREIT Corp. (NYSE:NTST) by 26.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 415,000 shares of the company’s stock after buying an additional 87,384 shares during the period. Jefferies Financial Group Inc.’s holdings in NETSTREIT were worth $7,337,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NTST. Versant Capital Management Inc grew its stake in NETSTREIT by 1,163.1% during the 3rd quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock worth $29,000 after purchasing an additional 1,512 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NETSTREIT by 62.0% during the third quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock worth $35,000 after buying an additional 753 shares in the last quarter. Inspire Investing LLC grew its position in shares of NETSTREIT by 115,850.0% during the third quarter. Inspire Investing LLC now owns 2,319 shares of the company’s stock worth $41,000 after buying an additional 2,317 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of NETSTREIT during the third quarter worth approximately $43,000. Finally, Parallel Advisors LLC increased its stake in shares of NETSTREIT by 175.2% during the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after buying an additional 2,343 shares during the period.

NETSTREIT Stock Down 1.7%

Shares of NYSE NTST opened at $18.45 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.59. NETSTREIT Corp. has a 52-week low of $16.18 and a 52-week high of $22.47. The business has a 50-day moving average price of $18.13 and a 200 day moving average price of $19.81. The stock has a market cap of $2.32 billion, a PE ratio of 83.89, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $66.26 million during the quarter, compared to analyst estimates of $60.55 million. NETSTREIT had a net margin of 9.18% and a return on equity of 1.33%. Equities research analysts forecast that NETSTREIT Corp. will post 1.29 earnings per share for the current year.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.2250 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. NETSTREIT’s payout ratio is currently 409.09%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of NETSTREIT in a report on Wednesday, July 29th. Citigroup decreased their price objective on shares of NETSTREIT from $21.00 to $18.50 and set a “neutral” rating for the company in a research report on Monday, October 26th. Wells Fargo & Company decreased their price target on NETSTREIT from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Stifel Nicolaus lowered their price objective on NETSTREIT from $23.50 to $21.25 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Finally, BMO Capital Markets increased their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

About NETSTREIT

NETSTREIT is a Dallas-based real estate investment trust (REIT) that owns and manages single-tenant retail properties leased to businesses across the United States. Its portfolio focuses on retailers that provide everyday goods and services, including grocery, convenience, pharmacy and home-improvement businesses. The company primarily uses net leases, under which tenants generally pay some or all property expenses in addition to rent. NETSTREIT was formed in 2019 and became a publicly traded company in 2020.