Dimensional Fund Advisors LP Sells 23,709 Shares of NETSTREIT Corp. (NYSE:NTST)

Dimensional Fund Advisors LP cut its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990,693 shares of the company's stock after selling 23,709 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of NETSTREIT worth $14,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased its stake in shares of NETSTREIT by 22.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 105,073 shares of the company's stock valued at $1,486,000 after buying an additional 19,449 shares during the period. Mariner LLC bought a new position in shares of NETSTREIT in the fourth quarter valued at approximately $143,000. Cohen & Steers Inc. lifted its stake in NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after acquiring an additional 191,846 shares in the last quarter. Barclays PLC lifted its stake in NETSTREIT by 204.8% during the 4th quarter. Barclays PLC now owns 375,103 shares of the company's stock valued at $5,307,000 after acquiring an additional 252,037 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in NETSTREIT during the 4th quarter valued at $927,000.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer purchased 6,384 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the purchase, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This represents a 2.14% increase in their ownership of the stock. The purchase was disclosed in a legal 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 over the last 90 days. Company insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho raised 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. Capital One Financial initiated coverage on NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company initiated coverage on NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective on the stock. 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, the company currently has a consensus rating of "Buy" and an average target price of $18.03.

NETSTREIT Stock Performance

NYSE:NTST traded down $0.16 during mid-day trading on Wednesday, hitting $15.38. 138,499 shares of the company traded hands, compared to its average volume of 930,946. The stock's fifty day moving average price is $15.60 and its 200-day moving average price is $15.11. 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 Corp. has a one year low of $13.42 and a one year high of $18.10. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -256.22 and a beta of 0.90.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is -560.00%.

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.