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

NETSTREIT logo with Finance background

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.

Read Our Latest Stock Report on NETSTREIT

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

(Free Report)

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.

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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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