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

Carmel Capital Partners LLC increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,180 shares of the company’s stock after purchasing an additional 1,174 shares during the period. 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 modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of NETSTREIT during the 4th quarter worth approximately $927,000. Arizona State Retirement System raised its holdings in shares of NETSTREIT by 6.3% during the 4th quarter. Arizona State Retirement System now owns 22,456 shares of the company’s stock worth $318,000 after acquiring an additional 1,331 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of NETSTREIT during the 4th quarter worth approximately $179,000. Victory Capital Management Inc. raised its holdings in shares of NETSTREIT by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 104,638 shares of the company’s stock worth $1,481,000 after acquiring an additional 19,138 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NETSTREIT by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company’s stock worth $16,040,000 after acquiring an additional 55,378 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Scotiabank raised 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 report on Monday, November 11th. Truist Financial decreased their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Capital One Financial assumed coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Raymond James cut their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $14.88 on Thursday. The stock’s fifty day moving average is $14.28 and its two-hundred day moving average is $15.40. The company has a market capitalization of $1.21 billion, a PE ratio of -247.88 and a beta of 0.99. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.97.

NETSTREIT Dividend Announcement

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

NETSTREIT Company 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.