NETSTREIT Corp. (NYSE:NTST) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,155 shares of the company's stock after selling 55,392 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of NETSTREIT worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank increased its holdings in NETSTREIT by 5.7% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock worth $2,154,000 after purchasing an additional 8,200 shares during the period. Cohen & Steers Inc. grew its position in shares of NETSTREIT by 3.0% during the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock worth $94,287,000 after buying an additional 191,846 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of NETSTREIT during the first quarter worth about $2,389,000. Charles Schwab Investment Management Inc. increased its stake in shares of NETSTREIT by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock worth $16,040,000 after buying an additional 55,378 shares during the period. Finally, LPL Financial LLC acquired a new stake in NETSTREIT in the fourth quarter valued at approximately $236,000.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho boosted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Raymond James Financial reiterated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. Wells Fargo & Company assumed coverage on NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target on the stock. Finally, UBS Group upped their price objective on NETSTREIT from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $18.28.

NETSTREIT Stock Performance

Shares of NTST traded up $0.03 during mid-day trading on Thursday, reaching $17.63. 1,064,981 shares of the company's stock were exchanged, compared to its average volume of 967,433. The business's fifty day simple moving average is $16.45 and its 200-day simple moving average is $15.46. The stock has a market capitalization of $1.44 billion, a PE ratio of -117.53, a price-to-earnings-growth ratio of 5.13 and a beta of 0.89. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $17.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.95 and a quick ratio of 3.95.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 4.76%. NETSTREIT's dividend payout ratio is presently -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.