Sei Investments Co. Has $764,000 Stake in NETSTREIT Corp. (NYSE:NTST)

Sei Investments Co. increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 146.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,997 shares of the company's stock after purchasing an additional 32,060 shares during the period. Sei Investments Co. owned approximately 0.07% of NETSTREIT worth $764,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock valued at $345,000 after purchasing an additional 781 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of NETSTREIT by 86.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,147 shares of the company's stock valued at $356,000 after buying an additional 11,647 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of NETSTREIT in the fourth quarter valued at about $563,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of NETSTREIT in the fourth quarter valued at about $152,000. Finally, Natixis Advisors LLC grew its position in NETSTREIT by 29.3% during the fourth quarter. Natixis Advisors LLC now owns 33,674 shares of the company's stock worth $476,000 after buying an additional 7,623 shares in the last quarter.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 6,384 shares of the 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 completion of the purchase, the chief executive officer now owns 304,572 shares in the company, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 12,000 shares of company stock worth $183,172. Insiders own 0.46% of the company's stock.

NETSTREIT Price Performance

NETSTREIT stock traded up $0.43 during mid-day trading on Friday, hitting $15.49. 907,985 shares of the company were exchanged, compared to its average volume of 915,116. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.10. The company has a market capitalization of $1.27 billion, a PE ratio of -258.04 and a beta of 0.91. The business has a fifty day moving average of $14.90 and a 200 day moving average of $15.10. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Friday, March 14th. NETSTREIT's payout ratio is -525.00%.

Wall Street Analyst Weigh In

NTST has been the subject of several recent research reports. Capital One Financial started coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating for the company. Raymond James cut their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research note on Monday, April 7th. They set an "overweight" rating and a $18.00 price target on the stock. Finally, Mizuho increased their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. 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 stock. Based on data from MarketBeat.com, NETSTREIT has a consensus rating of "Buy" and a consensus target price of $18.03.

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.