NETSTREIT Corp. (NYSE:NTST) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,389,583 shares of the company's stock after purchasing an additional 181,880 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 2.92% of NETSTREIT worth $37,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of NETSTREIT by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company's stock valued at $112,631,000 after buying an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in NETSTREIT by 5.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company's stock valued at $96,703,000 after acquiring an additional 354,973 shares in the last quarter. Cohen & Steers Inc. raised its position in NETSTREIT by 3.0% during the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after acquiring an additional 191,846 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in NETSTREIT by 30.8% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company's stock valued at $48,807,000 after acquiring an additional 811,632 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in NETSTREIT by 30.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 3,044,157 shares of the company's stock worth $43,075,000 after purchasing an additional 718,193 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTST. Raymond James Financial reaffirmed a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Wells Fargo & Company began coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price target on the stock. Finally, Mizuho lifted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $18.16.

NETSTREIT Price Performance

NYSE NTST traded up $0.23 on Friday, hitting $17.07. The company had a trading volume of 795,970 shares, compared to its average volume of 961,524. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.95 and a quick ratio of 3.95. The company's fifty day moving average price is $16.19 and its 200-day moving average price is $15.25. The company has a market capitalization of $1.39 billion, a PE ratio of -113.79, a PEG ratio of 4.90 and a beta of 0.89. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $17.53.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 4.92%. NETSTREIT's dividend payout ratio (DPR) 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.