Universal Beteiligungs und Servicegesellschaft mbH Makes New $4.17 Million Investment in NETSTREIT Corp. (NYSE:NTST)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 263,132 shares of NETSTREIT Corp., valued at approximately $4.17 million, giving it ownership of 0.32% of the company.
• NETSTREIT recently declared a quarterly dividend increase to $0.215, with an annualized dividend yield of 4.66% and a notable payout ratio of -1,075.00%.
• Wall Street analysts generally maintain a positive outlook on NETSTREIT, with an average rating of "Buy" and a consensus target price of $18.53.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 263,132 shares of the company's stock, valued at approximately $4,171,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.32% of NETSTREIT as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Hohimer Wealth Management LLC increased its holdings in shares of NETSTREIT by 6.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company's stock valued at $183,000 after acquiring an additional 677 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock valued at $345,000 after acquiring an additional 781 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of NETSTREIT by 4.2% in the 1st quarter. Arizona State Retirement System now owns 23,401 shares of the company's stock valued at $371,000 after acquiring an additional 945 shares during the last quarter. CWM LLC increased its holdings in shares of NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after acquiring an additional 989 shares during the last quarter. Finally, Corton Capital Inc. increased its holdings in shares of NETSTREIT by 7.7% in the 4th quarter. Corton Capital Inc. now owns 18,313 shares of the company's stock valued at $259,000 after acquiring an additional 1,305 shares during the last quarter.

NETSTREIT Stock Performance

NETSTREIT stock traded up $0.27 during mid-day trading on Friday, reaching $18.50. 407,171 shares of the company were exchanged, compared to its average volume of 1,012,007. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.93. The firm's 50-day simple moving average is $16.93 and its two-hundred day simple moving average is $15.76. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $1.54 billion, a PE ratio of -230.94, a price-to-earnings-growth ratio of 4.25 and a beta of 0.89.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from NETSTREIT's previous quarterly dividend of $0.21. NETSTREIT's payout ratio is -1,075.00%.

Wall Street Analyst Weigh In

NTST has been the topic of a number of recent analyst reports. Truist Financial set a $19.00 price objective on NETSTREIT in a report on Friday, July 25th. Wells Fargo & Company assumed coverage on NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 target price for the company. UBS Group upped their target price on NETSTREIT from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Bank of America raised NETSTREIT from an "underperform" rating to a "neutral" rating and upped their target price for the company from $18.00 to $19.00 in a research report on Monday. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $21.00 target price on shares of NETSTREIT in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $18.83.

NETSTREIT Company 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.