Deprince Race & Zollo Inc. Has $43.08 Million Holdings in NETSTREIT Corp. (NYSE:NTST)

Deprince Race & Zollo Inc. lifted its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 30.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,044,157 shares of the company's stock after acquiring an additional 718,193 shares during the period. Deprince Race & Zollo Inc. owned approximately 3.73% of NETSTREIT worth $43,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in shares of NETSTREIT by 216.9% in the third quarter. Barclays PLC now owns 123,066 shares of the company's stock worth $2,033,000 after purchasing an additional 84,226 shares in the last quarter. JPMorgan Chase & Co. lifted its position in NETSTREIT by 173.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock worth $9,414,000 after buying an additional 361,577 shares in the last quarter. Nordea Investment Management AB bought a new stake in NETSTREIT during the 4th quarter worth about $6,714,000. SG Americas Securities LLC boosted its stake in shares of NETSTREIT by 12.9% during the 4th quarter. SG Americas Securities LLC now owns 37,604 shares of the company's stock worth $532,000 after buying an additional 4,284 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of NETSTREIT in the 4th quarter valued at about $198,000.

Insider Buying and Selling

In related news, CEO Mark Manheimer bought 3,616 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased 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 owns 295,252 shares of the company's stock, valued at $4,493,735.44. This represents a 1.24 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 12,000 shares of company stock valued at $183,172 over the last 90 days. 0.58% of the stock is owned by insiders.

NETSTREIT Trading Up 1.2 %

NYSE NTST traded up $0.19 during trading hours on Friday, reaching $16.17. The company's stock had a trading volume of 861,590 shares, compared to its average volume of 927,636. The firm has a fifty day simple moving average of $15.57 and a 200-day simple moving average of $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. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.10. The stock has a market cap of $1.32 billion, a P/E ratio of -269.46 and a beta of 0.90.

NETSTREIT Dividend Announcement

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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.19%. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NTST shares. Mizuho raised their price target on 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 target price on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Friday, January 17th. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 target price for the company. Finally, Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating on the stock. 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. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.