DigitalBridge Group Inc. Has $13.50 Million Stock Position in NETSTREIT Corp. (NYSE:NTST)

DigitalBridge Group Inc. lifted its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 1,175.4% in the 4th 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 purchasing an additional 879,168 shares during the period. NETSTREIT makes up 1.0% of DigitalBridge Group Inc.'s investment portfolio, making the stock its 24th largest holding. DigitalBridge Group Inc. owned 1.17% of NETSTREIT worth $13,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Swiss National Bank grew its position in NETSTREIT by 5.7% during the fourth quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after acquiring 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. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 55,378 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of NETSTREIT during the 4th quarter valued at approximately $236,000. Finally, Freestone Grove Partners LP bought a new position in shares of NETSTREIT in the 4th quarter worth about $363,000.

Wall Street Analyst Weigh In

Several brokerages have commented on NTST. Capital One Financial assumed coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. Mizuho lifted their price target on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Raymond James reiterated a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Finally, Wells Fargo & Company began coverage on NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.16.

NETSTREIT Stock Down 0.8%

NTST traded down $0.14 during trading on Thursday, reaching $15.90. 165,604 shares of the stock traded hands, compared to its average volume of 939,762. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -265.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $17.53. The stock's 50-day simple moving average is $15.73 and its two-hundred day simple moving average is $15.12.

NETSTREIT Dividend Announcement

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

Insider Transactions at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was acquired 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 owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. This trade represents a 2.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 12,000 shares of company stock worth $183,172. 0.58% of the stock is owned by corporate insiders.

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.