NETSTREIT Corp. (NYSE:NTST) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 871,228 shares of the company's stock after selling 21,590 shares during the period. Tributary Capital Management LLC owned about 1.07% of NETSTREIT worth $13,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after purchasing an additional 989 shares during the last quarter. Lazard Asset Management LLC acquired a new position in NETSTREIT in the fourth quarter valued at $41,000. PNC Financial Services Group Inc. raised its holdings in NETSTREIT by 861.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after purchasing an additional 4,865 shares in the last quarter. GAMMA Investing LLC grew 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 valued at $115,000 after purchasing an additional 6,977 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after purchasing an additional 6,166 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho increased their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. UBS Group upped their price target on shares of NETSTREIT from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial reissued a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Finally, 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 for the company. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $18.28.

NETSTREIT Stock Up 0.2%

NTST traded up $0.03 during trading on Thursday, reaching $17.63. The stock had a trading volume of 1,064,981 shares, compared to its average volume of 967,433. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $17.76. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -117.53, a P/E/G ratio of 5.13 and a beta of 0.89. The stock's 50 day moving average is $16.42 and its two-hundred day moving average is $15.44. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 0.69.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

About NETSTREIT

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.