WINTON GROUP Ltd Takes $280,000 Position in NETSTREIT Corp. (NYSE:NTST)

WINTON GROUP Ltd purchased a new stake in NETSTREIT Corp. (NYSE:NTST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,138 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of NETSTREIT in the 1st quarter worth approximately $36,000. Ameritas Investment Partners Inc. lifted its holdings in shares of NETSTREIT by 72.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,112 shares of the company’s stock worth $72,000 after acquiring an additional 1,307 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of NETSTREIT by 85.9% in the 1st quarter. Panagora Asset Management Inc. now owns 4,743 shares of the company’s stock worth $88,000 after acquiring an additional 2,191 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of NETSTREIT by 26.1% in the 1st quarter. Royal Bank of Canada now owns 4,883 shares of the company’s stock worth $89,000 after acquiring an additional 1,012 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in shares of NETSTREIT by 55.6% in the 1st quarter. First Mercantile Trust Co. now owns 5,735 shares of the company’s stock worth $106,000 after acquiring an additional 2,050 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

NYSE NTST opened at $23.71 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 13.09 and a quick ratio of 13.09. The firm’s fifty day moving average price is $25.57 and its 200 day moving average price is $22.88. The company has a market capitalization of $938.49 million and a price-to-earnings ratio of -2,371.00. NETSTREIT Corp. has a 12 month low of $16.63 and a 12 month high of $26.92.

NETSTREIT (NYSE:NTST) last posted its earnings results on Wednesday, July 28th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.26). NETSTREIT had a net margin of 1.27% and a return on equity of 0.10%. As a group, sell-side analysts forecast that NETSTREIT Corp. will post 0.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.37%. The ex-dividend date was Tuesday, August 31st. NETSTREIT’s payout ratio is currently 115.94%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of NETSTREIT from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, August 5th. BTIG Research increased their target price on shares of NETSTREIT from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 17th. KeyCorp increased their target price on shares of NETSTREIT from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 15th. Wolfe Research assumed coverage on shares of NETSTREIT in a report on Monday, June 14th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company increased their target price on shares of NETSTREIT from $26.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, September 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $27.00.

NETSTREIT Company Profile

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.

Read More: Equity Income

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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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