NETSTREIT Corp. (NYSE:NTST) Position Reduced by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,128,131 shares of the company's stock after selling 506,242 shares during the period. Marshall Wace LLP owned approximately 1.38% of NETSTREIT worth $15,963,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Mariner LLC acquired a new position in NETSTREIT during the fourth quarter worth about $143,000. Cohen & Steers Inc. boosted its stake in shares of NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock worth $94,287,000 after acquiring an additional 191,846 shares in the last quarter. Barclays PLC grew its holdings in shares of NETSTREIT by 204.8% in the 4th quarter. Barclays PLC now owns 375,103 shares of the company's stock worth $5,307,000 after acquiring an additional 252,037 shares during the period. Raymond James Financial Inc. purchased a new position in NETSTREIT in the 4th quarter valued at approximately $927,000. Finally, Renaissance Technologies LLC acquired a new position in NETSTREIT during the fourth quarter worth $2,322,000.

NETSTREIT Stock Up 0.0 %

NETSTREIT stock traded up $0.00 during trading on Friday, reaching $15.60. 581,715 shares of the company's stock were exchanged, compared to its average volume of 919,236. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -260.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company's 50-day moving average is $15.29 and its two-hundred day moving average is $15.12.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date was Friday, March 14th. NETSTREIT's dividend payout ratio is presently -525.00%.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer bought 3,616 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $15.22 per share, for a total transaction of $55,035.52. Following the completion of the purchase, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at approximately $4,493,735.44. The trade was a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 12,000 shares of company stock valued at $183,172 over the last 90 days. 0.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTST. Capital One Financial began coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating for the company. Raymond James lowered their price target on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company assumed 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. Finally, Mizuho raised their price target 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. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $18.03.

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.