Boston Partners Has $540,000 Stock Position in NETSTREIT Corp. (NYSE:NTST)

Boston Partners cut its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 44.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,148 shares of the company's stock after selling 30,694 shares during the quarter. Boston Partners' holdings in NETSTREIT were worth $540,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of NETSTREIT by 861.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock valued at $77,000 after acquiring an additional 4,865 shares during the period. Prudent Man Advisors LLC purchased a new position in NETSTREIT during the 4th quarter worth approximately $143,000. Envestnet Portfolio Solutions Inc. acquired a new stake in NETSTREIT during the 4th quarter valued at $152,000. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT in the third quarter valued at $166,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of NETSTREIT in the third quarter worth $169,000.

NETSTREIT Stock Down 0.2 %

Shares of NETSTREIT stock traded down $0.03 during midday trading on Wednesday, reaching $15.29. 659,169 shares of the company's stock traded hands, compared to its average volume of 878,563. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -254.71 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's 50 day simple moving average is $14.65 and its 200 day simple moving average is $15.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

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NETSTREIT Announces Dividend

The business also recently declared 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 is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.50%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

Insider Activity

In other news, CEO Mark Manheimer bought 6,384 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares of the company's stock, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have purchased 12,000 shares of company stock valued at $183,172. Insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

NTST has been the topic of several recent analyst reports. Truist Financial dropped their price target on NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Raymond James dropped their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Friday, January 17th. Mizuho decreased their price target on shares of NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Finally, Capital One Financial assumed coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. One equities research 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 company. According to data from MarketBeat, NETSTREIT presently has a consensus rating of "Buy" and an average target price of $17.75.

NETSTREIT 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.