NETSTREIT Corp. (NYSE:NTST) Stock Position Raised by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 913.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230,897 shares of the company's stock after purchasing an additional 208,113 shares during the period. New York State Common Retirement Fund owned approximately 0.28% of NETSTREIT worth $3,267,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NTST. Hohimer Wealth Management LLC purchased a new stake in NETSTREIT in the 3rd quarter valued at $166,000. M&G PLC purchased a new position in shares of NETSTREIT during the third quarter worth $173,000. Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT in the third quarter valued at approximately $169,000. Infrastructure Capital Advisors LLC purchased a new position in NETSTREIT in the 3rd quarter valued at approximately $177,000. Finally, Van ECK Associates Corp boosted its stake in shares of NETSTREIT by 18.5% in the 3rd quarter. Van ECK Associates Corp now owns 13,363 shares of the company's stock valued at $214,000 after buying an additional 2,083 shares during the period.

NETSTREIT Stock Down 0.4 %

NYSE:NTST traded down $0.06 on Tuesday, reaching $14.95. The stock had a trading volume of 603,557 shares, compared to its average volume of 826,699. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. The company has a 50-day moving average of $14.25 and a 200 day moving average of $15.41. The stock has a market cap of $1.22 billion, a P/E ratio of -249.04 and a beta of 1.00.

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NETSTREIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT's payout ratio is -525.00%.

Wall Street Analysts Forecast Growth

NTST has been the topic of a number of research analyst reports. 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. Stifel Nicolaus cut their target price on NETSTREIT from $19.50 to $19.25 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Truist Financial lowered their target price 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. Scotiabank raised NETSTREIT from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $16.00 to $18.00 in a report on Monday, November 11th. Finally, Capital One Financial started coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating on the stock. One investment 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. Based on data from MarketBeat.com, NETSTREIT has a consensus rating of "Buy" and a consensus price target of $17.75.

About NETSTREIT

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.