NETSTREIT Corp. (NYSE:NTST) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP sold 49,118 shares of NETSTREIT Corp., reducing its stake by 44.6%, and now holds approximately 0.07% of the company valued at $968,000.
• NETSTREIT announced an increase in its quarterly dividend to $0.215 per share, representing a 4.7% dividend yield and a shift from the previous dividend of $0.21.
• Analysts have a consensus rating of “Buy” for NETSTREIT, with UBS increasing its price target from $18.00 to $20.00.

GSA Capital Partners LLP reduced its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 44.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,068 shares of the company's stock after selling 49,118 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of NETSTREIT worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NTST. Assetmark Inc. lifted its position in shares of NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after buying an additional 1,200 shares in the last quarter. CWM LLC lifted its holdings in NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after purchasing an additional 989 shares in the last quarter. Lazard Asset Management LLC purchased a new position in NETSTREIT during the fourth quarter valued at approximately $41,000. GAMMA Investing LLC boosted its position 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 period. Finally, Comerica Bank increased its stake in shares of NETSTREIT by 174.3% in the fourth quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after purchasing an additional 6,166 shares in the last quarter.

NETSTREIT Stock Up 2.1%

NETSTREIT stock traded up $0.39 during mid-day trading on Monday, reaching $18.70. 178,724 shares of the company were exchanged, compared to its average volume of 1,018,380. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.93. The business has a fifty day moving average of $16.99 and a 200 day moving average of $15.81. The firm has a market cap of $1.56 billion, a P/E ratio of -233.69, a PEG ratio of 4.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.215 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from NETSTREIT's previous quarterly dividend of $0.21. NETSTREIT's dividend payout ratio (DPR) is -1,075.00%.

Wall Street Analysts Forecast Growth

NTST has been the topic of a number of analyst reports. Bank of America upgraded shares of NETSTREIT from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $18.00 to $19.00 in a research note on Monday, July 28th. Truist Financial set a $19.00 price target on NETSTREIT in a report on Friday, July 25th. Wells Fargo & Company initiated coverage on NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective for the company. Robert W. Baird increased their target price on NETSTREIT from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $21.00 price target on shares of NETSTREIT in a report on Wednesday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NETSTREIT presently has a consensus rating of "Buy" and an average target price of $18.83.

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.