Aigen Investment Management LP Sells 22,794 Shares of NETSTREIT Corp. (NYSE:NTST)

Aigen Investment Management LP trimmed its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,266 shares of the company's stock after selling 22,794 shares during the quarter. Aigen Investment Management LP's holdings in NETSTREIT were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NETSTREIT by 1,931.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company's stock worth $26,700,000 after purchasing an additional 1,535,761 shares during the period. Principal Financial Group Inc. increased its stake in NETSTREIT by 46.4% in the 4th quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock worth $67,924,000 after acquiring an additional 1,521,668 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in shares of NETSTREIT in the 4th quarter valued at about $12,633,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in NETSTREIT by 765.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company's stock valued at $10,508,000 after purchasing an additional 562,273 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in NETSTREIT in the 4th quarter worth approximately $6,714,000.

Insider Buying and Selling

In related news, CEO Mark Manheimer purchased 6,384 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the purchase, the chief executive officer now directly owns 304,572 shares in the company, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 12,000 shares of company stock valued at $183,172 over the last quarter. 0.46% of the stock is owned by company insiders.

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NETSTREIT Trading Up 3.1 %

NETSTREIT stock traded up $0.46 during trading hours on Friday, reaching $15.24. The stock had a trading volume of 873,309 shares, compared to its average volume of 880,833. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The stock has a market cap of $1.24 billion, a PE ratio of -253.87 and a beta of 0.99. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.97. The company has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $15.34.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.51%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Capital One Financial initiated coverage on NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating for the company. Mizuho reduced their price target on shares of 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 lowered their price target on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $17.75.

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.