Barclays PLC Raises Holdings in NETSTREIT Corp. (NYSE:NTST)

Barclays PLC raised its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 204.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 375,103 shares of the company's stock after acquiring an additional 252,037 shares during the quarter. Barclays PLC owned approximately 0.46% of NETSTREIT worth $5,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT by 46.4% in the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock valued at $67,924,000 after purchasing an additional 1,521,668 shares during the period. Tributary Capital Management LLC bought a new position in NETSTREIT during the 4th quarter worth about $12,633,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of NETSTREIT by 36.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company's stock worth $31,239,000 after purchasing an additional 592,439 shares during the period. Nordea Investment Management AB bought a new position in shares of NETSTREIT in the 4th quarter worth $6,714,000. Finally, Centersquare Investment Management LLC boosted its holdings in shares of NETSTREIT by 28.6% in the 4th quarter. Centersquare Investment Management LLC now owns 1,929,490 shares of the company's stock valued at $27,302,000 after buying an additional 429,642 shares in the last quarter.

Analyst Upgrades and Downgrades

NTST has been the subject of several recent analyst reports. Wells Fargo & Company began coverage on NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. 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. Mizuho lifted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Raymond James reduced 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $18.03.

NETSTREIT Stock Down 0.7 %

NYSE NTST traded down $0.12 during trading hours on Thursday, hitting $16.16. 125,739 shares of the company were exchanged, compared to its average volume of 918,468. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -269.87 and a beta of 0.91. The company has a 50 day moving average of $15.39 and a two-hundred day moving average of $15.13. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10.

NETSTREIT Dividend Announcement

The business also recently declared 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 is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.20%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

Insiders Place Their Bets

In other news, CEO Mark Manheimer acquired 6,384 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the transaction, the chief executive officer now directly owns 304,572 shares in the company, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is currently owned by insiders.

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.