Deutsche Bank AG Sells 351,189 Shares of NETSTREIT Corp. (NYSE:NTST)

Deutsche Bank AG decreased its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,845,453 shares of the company's stock after selling 351,189 shares during the quarter. Deutsche Bank AG owned approximately 3.49% of NETSTREIT worth $40,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NTST. Swiss National Bank boosted its stake in shares of NETSTREIT by 5.7% during the fourth quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after acquiring an additional 8,200 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in NETSTREIT by 173.9% during the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock worth $9,414,000 after purchasing an additional 361,577 shares during the period. Cohen & Steers Inc. raised its holdings in 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 purchasing an additional 191,846 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NETSTREIT by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock valued at $16,040,000 after acquiring an additional 55,378 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of NETSTREIT in the fourth quarter valued at approximately $236,000.

Insiders Place Their Bets

In other NETSTREIT news, CEO Mark Manheimer bought 6,384 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $15.33 per share, with a total value of $97,866.72. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 12,000 shares of company stock worth $183,172 over the last ninety days. Corporate insiders own 0.58% of the company's stock.

NETSTREIT Trading Down 0.3%

Shares of NYSE NTST traded down $0.04 during midday trading on Monday, hitting $15.88. The company's stock had a trading volume of 28,717 shares, compared to its average volume of 935,623. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $17.99. The firm has a market cap of $1.30 billion, a P/E ratio of -265.29 and a beta of 0.90. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $15.64 and its two-hundred day moving average is $15.10.

NETSTREIT Announces Dividend

The firm 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 dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.29%. NETSTREIT's dividend payout ratio is presently -560.00%.

Analysts Set New Price Targets

NTST has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on shares of NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target on the stock. Mizuho lifted 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. Finally, Capital One Financial assumed coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $18.03.

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.