GSA Capital Partners LLP Has $2.47 Million Position in NETSTREIT Corp. (NYSE:NTST)

GSA Capital Partners LLP boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 107.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,651 shares of the company’s stock after buying an additional 77,647 shares during the period. GSA Capital Partners LLP owned about 0.19% of NETSTREIT worth $2,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTST. Swiss National Bank boosted its stake in shares of NETSTREIT by 2.7% in the 1st quarter. Swiss National Bank now owns 135,600 shares of the company’s stock valued at $2,491,000 after purchasing an additional 3,600 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in NETSTREIT during the 1st quarter worth about $334,000. Russell Investments Group Ltd. lifted its position in NETSTREIT by 64.9% during the 1st quarter. Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock worth $29,277,000 after buying an additional 627,514 shares in the last quarter. ProShare Advisors LLC lifted its position in NETSTREIT by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,434 shares of the company’s stock worth $228,000 after buying an additional 977 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in NETSTREIT by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after buying an additional 566,513 shares in the last quarter.

NETSTREIT Trading Down 0.2 %

Shares of NTST stock opened at $16.10 on Tuesday. The company has a market cap of $1.31 billion, a P/E ratio of -268.29 and a beta of 0.97. The stock has a 50 day simple moving average of $16.21 and a two-hundred day simple moving average of $16.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.08 and a current ratio of 4.11. NETSTREIT Corp. has a fifty-two week low of $14.92 and a fifty-two week high of $18.97.

NETSTREIT (NYSE:NTST) last issued its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.37). The business had revenue of $41.44 million during the quarter, compared to the consensus estimate of $41.10 million. NETSTREIT had a negative return on equity of 0.35% and a negative net margin of 2.96%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Research analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.21 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.84 annualized dividend and a yield of 5.22%. NETSTREIT’s dividend payout ratio is currently -1,399.77%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a research report on Monday. Stifel Nicolaus dropped their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Wedbush began coverage on NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 price objective for the company. UBS Group began coverage on NETSTREIT in a report on Monday, October 14th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $20.00 to $19.00 in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.30.

About NETSTREIT

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.