NETSTREIT Corp. $NTST Shares Newly Bought by North Star Investment Management Corp.

North Star Investment Management Corp. acquired a new position in NETSTREIT Corp. (NYSE:NTST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,000 shares of the company’s stock, valued at approximately $831,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in NETSTREIT during the 2nd quarter valued at about $404,780,000. Bank of America Corp DE acquired a new stake in shares of NETSTREIT in the 2nd quarter worth approximately $63,046,000. Deutsche Bank AG acquired a new stake in shares of NETSTREIT in the 2nd quarter worth approximately $44,589,000. Jupiter Topco LLC acquired a new stake in shares of NETSTREIT in the 2nd quarter worth approximately $36,959,000. Finally, Bank of New York Mellon Corp bought a new position in shares of NETSTREIT in the second quarter valued at approximately $23,844,000.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $17.52 on Friday. NETSTREIT Corp. has a twelve month low of $16.18 and a twelve month high of $22.47. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 79.66, a PEG ratio of 1.69 and a beta of 0.80. The firm has a 50-day moving average of $18.54 and a two-hundred day moving average of $19.80.

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 business had revenue of $66.26 million for the quarter, compared to the consensus estimate of $60.55 million. NETSTREIT had a net margin of 9.18% and a return on equity of 1.33%. As a group, analysts expect that NETSTREIT Corp. will post 1.29 earnings per share for the current fiscal year.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.2250 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.90 annualized dividend and a yield of 5.1%. NETSTREIT’s dividend payout ratio is currently 409.09%.

Wall Street Analysts Forecast Growth

NTST has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of NETSTREIT from $21.00 to $18.50 and set a “neutral” rating on the stock in a research note on Monday. Robert W. Baird boosted their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Scotiabank cut their target price on NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 24th. Cantor Fitzgerald decreased their price target on NETSTREIT from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Finally, Mizuho lowered their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, NETSTREIT currently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

NETSTREIT Profile

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.