Cohen & Steers Inc. Purchases 191,846 Shares of NETSTREIT Corp. (NYSE:NTST)

Cohen & Steers Inc. lifted its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,663,409 shares of the company's stock after purchasing an additional 191,846 shares during the quarter. Cohen & Steers Inc. owned about 8.17% of NETSTREIT worth $94,287,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NTST. Janus Henderson Group PLC lifted its stake in NETSTREIT by 56.5% in the 3rd quarter. Janus Henderson Group PLC now owns 43,800 shares of the company's stock valued at $724,000 after acquiring an additional 15,821 shares in the last quarter. Stifel Financial Corp acquired a new position in NETSTREIT during the third quarter worth $480,000. State Street Corp boosted its holdings in NETSTREIT by 2.9% during the third quarter. State Street Corp now owns 3,104,081 shares of the company's stock worth $51,310,000 after purchasing an additional 87,669 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in NETSTREIT in the third quarter valued at $457,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in NETSTREIT by 8.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 98,700 shares of the company's stock valued at $1,632,000 after buying an additional 7,300 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Mark Manheimer bought 6,384 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 12,000 shares of company stock worth $183,172 in the last 90 days. Company insiders own 0.58% of the company's stock.

NETSTREIT Stock Performance

NETSTREIT stock traded up $0.38 during trading hours on Friday, hitting $16.48. The company had a trading volume of 792,059 shares, compared to its average volume of 918,481. The firm has a 50-day moving average of $15.08 and a 200 day moving average of $15.11. 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 firm has a market cap of $1.35 billion, a PE ratio of -274.54 and a beta of 0.91. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.10.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT's dividend payout ratio is -525.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTST shares. Raymond James decreased 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. Capital One Financial started coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating for the company. Mizuho upped their price objective on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company initiated coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NETSTREIT has a consensus rating of "Buy" and an average target price of $18.03.

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.