BROOKFIELD Corp ON Makes New Investment in NETSTREIT Corp. (NYSE:NTST)

BROOKFIELD Corp ON bought a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 401,231 shares of the company's stock, valued at approximately $5,677,000. BROOKFIELD Corp ON owned approximately 0.49% of NETSTREIT at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. grew its position in NETSTREIT by 3.3% in the fourth quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after acquiring an additional 781 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of NETSTREIT by 3.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after purchasing an additional 789 shares in the last quarter. Carmel Capital Partners LLC boosted its position in NETSTREIT by 4.7% in the 4th quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock valued at $370,000 after buying an additional 1,174 shares during the period. Arizona State Retirement System raised its position in NETSTREIT by 6.3% in the 4th quarter. Arizona State Retirement System now owns 22,456 shares of the company's stock valued at $318,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in NETSTREIT by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,729 shares of the company's stock worth $208,000 after acquiring an additional 1,366 shares in the last quarter.

Analyst Upgrades and Downgrades

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

NETSTREIT Price Performance

Shares of NETSTREIT stock traded up $0.19 on Friday, hitting $16.17. The company's stock had a trading volume of 861,590 shares, compared to its average volume of 926,112. The company has a market capitalization of $1.32 billion, a P/E ratio of -269.46 and a beta of 0.90. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10. The firm has a fifty day moving average price of $15.57 and a 200-day moving average price of $15.12. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 5.19%. NETSTREIT's dividend payout ratio is presently -560.00%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the transaction, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. The trade was a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 12,000 shares of company stock valued at $183,172 in the last ninety days. Corporate insiders own 0.58% of the company's stock.

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.