Lasalle Investment Management Securities LLC Raises Holdings in NETSTREIT Corp. (NYSE:NTST)

Lasalle Investment Management Securities LLC lifted its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,449,229 shares of the company's stock after acquiring an additional 811,632 shares during the period. NETSTREIT accounts for 2.1% of Lasalle Investment Management Securities LLC's holdings, making the stock its 20th largest position. Lasalle Investment Management Securities LLC owned about 4.23% of NETSTREIT worth $48,807,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of NETSTREIT by 46.4% in the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock valued at $67,924,000 after purchasing an additional 1,521,668 shares in the last quarter. Tributary Capital Management LLC acquired a new position in NETSTREIT during the fourth quarter worth $12,633,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in NETSTREIT by 36.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company's stock valued at $31,239,000 after buying an additional 592,439 shares in the last quarter. Nordea Investment Management AB purchased a new stake in NETSTREIT in the 4th quarter valued at $6,714,000. Finally, Mesirow Institutional Investment Management Inc. increased its stake in shares of NETSTREIT by 68.2% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,811 shares of the company's stock worth $14,996,000 after acquiring an additional 429,882 shares during the last quarter.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer purchased 3,616 shares of NETSTREIT stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $15.22 per share, with a total value of $55,035.52. Following the completion of the transaction, the chief executive officer now owns 295,252 shares of the company's stock, valued at $4,493,735.44. This trade represents a 1.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NTST. Mizuho boosted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 target price on the stock. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating for the company. Finally, Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $18.03.

NETSTREIT Trading Down 0.0 %

Shares of NYSE:NTST traded down $0.01 during mid-day trading on Friday, reaching $15.60. 219,287 shares of the company were exchanged, compared to its average volume of 916,730. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The firm's 50-day simple moving average is $15.25 and its 200 day simple moving average is $15.12. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -259.87 and a beta of 0.91.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.39%. NETSTREIT's dividend payout ratio is currently -525.00%.

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.