SG Americas Securities LLC Decreases Position in NETSTREIT Corp. (NYSE:NTST)

SG Americas Securities LLC trimmed its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 50.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,677 shares of the company's stock after selling 18,927 shares during the period. SG Americas Securities LLC's holdings in NETSTREIT were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTST. Lazard Asset Management LLC purchased a new position in NETSTREIT during the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. lifted its stake in shares of NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock valued at $77,000 after acquiring an additional 4,865 shares during the last quarter. GAMMA Investing LLC raised its holdings in NETSTREIT by 2,779.7% during the 1st quarter. GAMMA Investing LLC now owns 7,228 shares of the company's stock valued at $115,000 after buying an additional 6,977 shares during the last quarter. Comerica Bank lifted its holdings in NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after buying an additional 6,166 shares during the period. Finally, Prudent Man Advisors LLC purchased a new stake in shares of NETSTREIT in the 4th quarter worth about $143,000.

NETSTREIT Price Performance

NTST stock traded up $0.16 during mid-day trading on Monday, hitting $16.95. The company had a trading volume of 789,789 shares, compared to its average volume of 959,547. The company has a 50-day moving average price of $16.13 and a 200 day moving average price of $15.21. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $17.53. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -112.99, a P/E/G ratio of 4.89 and a beta of 0.88. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.69.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.21 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.96%. NETSTREIT's payout ratio is currently -560.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho boosted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NETSTREIT presently has an average rating of "Buy" and a consensus price target of $18.16.

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.