150,716 Shares in NETSTREIT Corp. (NYSE:NTST) Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC acquired a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 150,716 shares of the company's stock, valued at approximately $2,389,000. Wedge Capital Management L L P NC owned approximately 0.18% of NETSTREIT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC increased its stake in NETSTREIT by 216.9% in the third quarter. Barclays PLC now owns 123,066 shares of the company's stock valued at $2,033,000 after acquiring an additional 84,226 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in NETSTREIT in the fourth quarter valued at $198,000. abrdn plc increased its stake in NETSTREIT by 30.6% in the fourth quarter. abrdn plc now owns 20,025 shares of the company's stock valued at $279,000 after acquiring an additional 4,694 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in NETSTREIT by 36.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company's stock valued at $31,239,000 after acquiring an additional 592,439 shares during the last quarter. Finally, Polaris Capital Management LLC bought a new position in NETSTREIT in the fourth quarter valued at $1,777,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NTST shares. Raymond James reissued a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. 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. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $18.16.

NETSTREIT Trading Down 0.4%

Shares of NYSE:NTST traded down $0.07 on Friday, reaching $16.38. 1,365,603 shares of the company traded hands, compared to its average volume of 963,001. The business's 50-day simple moving average is $15.89 and its 200 day simple moving average is $15.14. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $17.53. The stock has a market capitalization of $1.34 billion, a P/E ratio of -272.95 and a beta of 0.88. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.13%. NETSTREIT's dividend payout ratio (DPR) is currently -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.