Universal Beteiligungs und Servicegesellschaft mbH Makes New 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 bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 263,132 shares of the company's stock, valued at approximately $4,171,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.32% of NETSTREIT as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC grew its stake in shares of NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after acquiring an additional 989 shares during the period. Lazard Asset Management LLC purchased a new position in NETSTREIT during the fourth quarter valued at $41,000. GAMMA Investing LLC raised its stake in shares of NETSTREIT by 2,779.7% in the first quarter. GAMMA Investing LLC now owns 7,228 shares of the company's stock worth $115,000 after purchasing an additional 6,977 shares during the last quarter. Comerica Bank grew its holdings in NETSTREIT by 174.3% during the fourth quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after purchasing an additional 6,166 shares during the period. Finally, Mariner LLC bought a new position in shares of NETSTREIT in the fourth quarter worth about $143,000.

NETSTREIT Stock Performance

NYSE:NTST traded up $0.23 during mid-day trading on Tuesday, reaching $18.64. The stock had a trading volume of 1,693,146 shares, compared to its average volume of 1,477,736. The business has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $15.71. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.76. 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 capitalization of $1.56 billion, a price-to-earnings ratio of -232.94 and a beta of 0.89.

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 4.61%. This is an increase from NETSTREIT's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. NETSTREIT's dividend payout ratio (DPR) is presently -1,050.00%.

Analysts Set New Price Targets

Several research analysts have commented on NTST shares. Wells Fargo & Company began coverage on NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective on the stock. Robert W. Baird lifted their price objective on NETSTREIT from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Truist Financial set a $19.00 price target on NETSTREIT in a research note on Friday. Bank of America raised shares of NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $18.00 to $19.00 in a research report on Monday. Finally, Mizuho upped their price objective on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $18.53.

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.