UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in NETSTREIT Corp. (NYSE:NTST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,411 shares of the company's stock after selling 110,296 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.64% of NETSTREIT worth $7,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in NETSTREIT during the fourth quarter worth approximately $41,000. PNC Financial Services Group Inc. increased its holdings 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 period. Comerica Bank increased 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 acquiring an additional 6,166 shares during the period. Mariner LLC purchased a new stake in NETSTREIT in the 4th quarter valued at $143,000. Finally, Prudent Man Advisors LLC acquired a new stake in NETSTREIT during the 4th quarter worth $143,000.

Insider Buying and Selling

In other news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have purchased 11,000 shares of company stock valued at $168,172. Corporate insiders own 0.58% of the company's stock.

NETSTREIT Price Performance

Shares of NYSE NTST traded down $0.02 during trading on Thursday, hitting $16.17. 823,420 shares of the company were exchanged, compared to its average volume of 951,947. 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 1 year low of $13.42 and a 1 year high of $17.53. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -269.37 and a beta of 0.88. The firm's fifty day moving average price is $15.79 and its 200 day moving average price is $15.13.

NETSTREIT Dividend Announcement

The business 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 5.20%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is -560.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NTST shares. Raymond James restated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. Mizuho raised their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Capital One Financial initiated coverage on NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating on the stock. Finally, Wells Fargo & Company started coverage on NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, NETSTREIT currently has an average rating of "Buy" and an average 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.