Russell Investments Group Ltd. grew its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,908,522 shares of the company's stock after purchasing an additional 105,021 shares during the period. Russell Investments Group Ltd. owned approximately 2.34% of NETSTREIT worth $27,006,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. American Century Companies Inc. grew its holdings in NETSTREIT by 3.3% during the fourth quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after acquiring an additional 781 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of NETSTREIT by 3.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock valued at $373,000 after purchasing an additional 789 shares in the last quarter. Carmel Capital Partners LLC lifted its stake in shares of NETSTREIT by 4.7% in the fourth quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock valued at $370,000 after purchasing an additional 1,174 shares during the period. Arizona State Retirement System increased its holdings in NETSTREIT by 6.3% in the fourth quarter. Arizona State Retirement System now owns 22,456 shares of the company's stock valued at $318,000 after buying an additional 1,331 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NETSTREIT by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,729 shares of the company's stock worth $208,000 after acquiring an additional 1,366 shares in the last quarter.
NETSTREIT Trading Up 2.3 %
NYSE NTST traded up $0.36 during mid-day trading on Monday, reaching $15.87. 196,756 shares of the stock were exchanged, compared to its average volume of 898,617. The stock has a market capitalization of $1.30 billion, a PE ratio of -264.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.10. The business's fifty day simple moving average is $14.90 and its 200 day simple moving average is $15.10.
NETSTREIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date was Friday, March 14th. NETSTREIT's dividend payout ratio is currently -525.00%.
Wall Street Analysts Forecast Growth
NTST has been the subject of several research reports. Raymond James reduced their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. Mizuho boosted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. 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. Finally, Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, NETSTREIT currently has a consensus rating of "Buy" and a consensus target price of $18.03.
Read Our Latest Stock Analysis on NETSTREIT
Insider Activity at NETSTREIT
In related news, CEO Mark Manheimer purchased 6,384 shares of the firm's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the acquisition, the chief executive officer now directly owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders acquired 12,000 shares of company stock worth $183,172. 0.46% of the stock is currently owned by insiders.
About NETSTREIT
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Free Report)
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.
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