401,231 Shares in NETSTREIT Corp. (NYSE:NTST) Bought by BROOKFIELD Corp ON

BROOKFIELD Corp ON acquired a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 401,231 shares of the company's stock, valued at approximately $5,677,000. BROOKFIELD Corp ON owned approximately 0.49% of NETSTREIT as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of NETSTREIT by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company's stock worth $112,631,000 after purchasing an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in NETSTREIT by 5.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company's stock worth $96,703,000 after purchasing an additional 354,973 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of NETSTREIT by 3.0% during the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after buying an additional 191,846 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT by 46.4% in the 4th quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock valued at $67,924,000 after buying an additional 1,521,668 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of NETSTREIT by 30.8% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company's stock worth $48,807,000 after buying an additional 811,632 shares during the last quarter.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer acquired 3,616 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $15.22 per share, with a total value of $55,035.52. Following the acquisition, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at approximately $4,493,735.44. The trade was a 1.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 12,000 shares of company stock worth $183,172. 0.58% of the stock is owned by company insiders.

NETSTREIT Stock Performance

NETSTREIT stock traded up $0.19 during trading hours on Friday, hitting $16.17. 861,590 shares of the stock traded hands, compared to its average volume of 927,636. The firm's 50 day moving average price is $15.57 and its 200-day moving average price is $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 stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -269.46 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.10.

NETSTREIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.19%. NETSTREIT's dividend payout ratio is currently -560.00%.

Analyst Ratings Changes

NTST has been the subject of several recent analyst reports. Mizuho raised their target price 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. 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 started coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Wells Fargo & Company assumed coverage on NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $18.03.

NETSTREIT 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.