DigitalBridge Group Inc. Increases Holdings in NETSTREIT Corp. (NYSE:NTST)

DigitalBridge Group Inc. increased its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 1,175.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 953,968 shares of the company's stock after acquiring an additional 879,168 shares during the quarter. NETSTREIT comprises approximately 1.0% of DigitalBridge Group Inc.'s portfolio, making the stock its 24th biggest position. DigitalBridge Group Inc. owned 1.17% of NETSTREIT worth $13,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in NETSTREIT by 5.7% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock worth $2,154,000 after buying an additional 8,200 shares during the last quarter. Cohen & Steers Inc. raised its position in NETSTREIT by 3.0% in the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in NETSTREIT by 5.1% in the 4th 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 last quarter. LPL Financial LLC purchased a new position in NETSTREIT in the 4th quarter worth about $236,000. Finally, Freestone Grove Partners LP purchased a new position in NETSTREIT in the 4th quarter worth about $363,000.

Insider Activity at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $15.33 per share, with a total value of $97,866.72. Following the transaction, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. The trade was a 2.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have purchased 12,000 shares of company stock worth $183,172. Company insiders own 0.58% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NTST shares. Wells Fargo & Company started 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. Raymond James restated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday. Capital One Financial initiated coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating for the company. Finally, Mizuho boosted 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of "Buy" and an average target price of $18.16.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded up $0.25 during mid-day trading on Tuesday, reaching $15.90. 816,125 shares of the company traded hands, compared to its average volume of 940,975. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $17.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market cap of $1.30 billion, a PE ratio of -264.96 and a beta of 0.90. The company's 50 day moving average price is $15.69 and its 200-day moving average price is $15.10.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.28%. NETSTREIT's payout ratio is presently -560.00%.

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.