Carmel Capital Partners LLC Raises Holdings in NETSTREIT Corp. (NYSE:NTST)

Carmel Capital Partners LLC grew its position in NETSTREIT Corp. (NYSE:NTST) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,180 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. Carmel Capital Partners LLC’s holdings in NETSTREIT were worth $370,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NTST. Prudent Man Advisors LLC purchased a new stake in shares of NETSTREIT in the 4th quarter worth $143,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT in the 3rd quarter worth $166,000. Sanctuary Advisors LLC purchased a new stake in shares of NETSTREIT in the 3rd quarter worth $169,000. M&G PLC purchased a new stake in shares of NETSTREIT in the 3rd quarter worth $173,000. Finally, Infrastructure Capital Advisors LLC purchased a new stake in shares of NETSTREIT in the 3rd quarter worth $177,000.

NETSTREIT Trading Down 0.0 %

NETSTREIT stock opened at $14.88 on Thursday. The stock has a 50-day moving average of $14.28 and a two-hundred day moving average of $15.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.97. The stock has a market cap of $1.21 billion, a PE ratio of -247.88 and a beta of 0.99.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is presently -525.00%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NTST. Truist Financial lowered their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company 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 stock from $16.00 to $18.00 in a research note on Monday, November 11th. Capital One Financial assumed coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating for the company. Finally, Mizuho decreased their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.