Cubist Systematic Strategies LLC lessened its holdings in NETSTREIT Corp. (NYSE:NTST - Get Rating) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,734 shares of the company's stock after selling 65,720 shares during the quarter. Cubist Systematic Strategies LLC owned 0.09% of NETSTREIT worth $904,000 as of its most recent SEC filing.
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Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of NETSTREIT by 62.4% during the 2nd quarter. FMR LLC now owns 2,936 shares of the company's stock worth $55,000 after acquiring an additional 1,128 shares during the last quarter. Van ECK Associates Corp acquired a new stake in NETSTREIT in the 3rd quarter worth about $63,000. Point72 Hong Kong Ltd bought a new stake in NETSTREIT in the 1st quarter valued at about $64,000. Amalgamated Bank increased its stake in NETSTREIT by 29.2% during the 3rd quarter. Amalgamated Bank now owns 7,875 shares of the company's stock worth $140,000 after acquiring an additional 1,780 shares during the period. Finally, Quantbot Technologies LP acquired a new position in NETSTREIT in the 2nd quarter valued at $190,000.
Shares of NTST stock opened at $19.81 on Thursday. The business's 50-day moving average price is $19.59 and its 200-day moving average price is $19.16. NETSTREIT Corp. has a 12 month low of $17.07 and a 12 month high of $23.72. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 123.82, a PEG ratio of 3.81 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, March 14th. NETSTREIT's payout ratio is 500.03%.
Several equities analysts have commented on the stock. Truist Financial decreased their target price on shares of NETSTREIT from $24.00 to $22.00 in a report on Friday, November 11th. Bank of America lowered NETSTREIT from a "buy" rating to a "neutral" rating and decreased their price target for the company from $22.00 to $21.00 in a research note on Monday, November 14th. Finally, Raymond James lowered NETSTREIT from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $23.00 to $21.00 in a research note on Monday, January 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.29.
NETSTREIT 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.
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