Thrivent Financial for Lutherans Sells 154,556 Shares of NETSTREIT Corp. (NYSE:NTST)

Thrivent Financial for Lutherans lessened its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 42.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 210,431 shares of the company's stock after selling 154,556 shares during the period. Thrivent Financial for Lutherans owned about 0.26% of NETSTREIT worth $2,977,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake in shares of NETSTREIT by 3.7% in the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company's stock valued at $431,000 after buying an additional 941 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in NETSTREIT during the 3rd quarter worth about $1,563,000. Intech Investment Management LLC acquired a new stake in NETSTREIT in the 3rd quarter valued at about $324,000. Charles Schwab Investment Management Inc. raised its stake in shares of NETSTREIT by 9.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,078,174 shares of the company's stock worth $17,822,000 after acquiring an additional 95,433 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of NETSTREIT by 12.9% during the third quarter. Daiwa Securities Group Inc. now owns 25,594 shares of the company's stock worth $423,000 after purchasing an additional 2,915 shares in the last quarter.

NETSTREIT Stock Up 1.7 %

NTST stock traded up $0.27 during midday trading on Friday, hitting $15.86. The company's stock had a trading volume of 716,851 shares, compared to its average volume of 907,099. The company's fifty day moving average price is $14.72 and its 200 day moving average price is $15.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97. The stock has a market capitalization of $1.29 billion, a P/E ratio of -264.22 and a beta of 0.99.

Remove Ads

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.30%. NETSTREIT's dividend payout ratio (DPR) is -525.00%.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 6,384 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have purchased 12,000 shares of company stock valued at $183,172 over the last ninety days. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James lowered their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research report on Friday, January 17th. Capital One Financial assumed coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating on the stock. Mizuho dropped their price target on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NETSTREIT currently has an average rating of "Buy" and a consensus target price of $17.75.

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.