Nisa Investment Advisors LLC Cuts Stake in NETSTREIT Corp. (NYSE:NTST)

Nisa Investment Advisors LLC lowered its position in shares of NETSTREIT Corp. (NYSE:NTST) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,274 shares of the company’s stock after selling 8,396 shares during the period. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank purchased a new position in NETSTREIT in the second quarter valued at about $320,000. Lazard Asset Management LLC purchased a new position in NETSTREIT in the second quarter valued at about $32,000. Point72 Hong Kong Ltd purchased a new position in NETSTREIT in the first quarter valued at about $64,000. FMR LLC grew its stake in NETSTREIT by 62.4% in the second quarter. FMR LLC now owns 2,936 shares of the company’s stock valued at $55,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in NETSTREIT by 18.2% in the third quarter. Royal Bank of Canada now owns 4,260 shares of the company’s stock valued at $75,000 after purchasing an additional 655 shares during the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $16.48 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.25 and a current ratio of 3.25. The company has a market cap of $1.21 billion, a PE ratio of 149.77, a P/E/G ratio of 3.46 and a beta of 0.97. The business has a 50-day simple moving average of $17.32 and a two-hundred day simple moving average of $16.77. NETSTREIT Corp. has a fifty-two week low of $13.49 and a fifty-two week high of $18.97.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Thursday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is 745.45%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wolfe Research upgraded NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Tuesday, January 2nd. Mizuho lifted their target price on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.11.

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.