Vanguard Group Inc. Boosts Stake in NETSTREIT Corp. (NYSE:NTST)

Vanguard Group Inc. lifted its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,455,590 shares of the company's stock after buying an additional 466,435 shares during the period. Vanguard Group Inc. owned approximately 9.40% of NETSTREIT worth $100,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of NETSTREIT by 16.5% in the 3rd quarter. American Century Companies Inc. now owns 2,157,248 shares of the company's stock worth $33,610,000 after purchasing an additional 304,742 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NETSTREIT by 81.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,677 shares of the company's stock worth $13,238,000 after purchasing an additional 382,149 shares during the period. Jump Financial LLC raised its holdings in shares of NETSTREIT by 446.3% in the 3rd quarter. Jump Financial LLC now owns 84,070 shares of the company's stock worth $1,310,000 after purchasing an additional 68,681 shares during the period. Barclays PLC raised its holdings in shares of NETSTREIT by 133.3% in the 3rd quarter. Barclays PLC now owns 60,201 shares of the company's stock worth $938,000 after purchasing an additional 34,401 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of NETSTREIT by 56.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company's stock worth $41,661,000 after purchasing an additional 967,036 shares during the period.

Wall Street Analyst Weigh In

NTST has been the topic of a number of research reports. Wolfe Research raised shares of NETSTREIT from a "peer perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Tuesday, January 2nd. Mizuho boosted their target price on shares of NETSTREIT from $18.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, March 7th. KeyCorp raised shares of NETSTREIT from an "underweight" rating to a "sector weight" rating in a report on Thursday, February 1st. Finally, BNP Paribas cut shares of NETSTREIT from an "outperform" rating to a "neutral" rating and set a $17.00 target price on the stock. in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $18.34.

NETSTREIT Price Performance

Shares of NETSTREIT stock traded up $0.06 during trading on Friday, hitting $17.62. The stock had a trading volume of 499,713 shares, compared to its average volume of 1,148,784. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 159.74, a P/E/G ratio of 3.67 and a beta of 0.97. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97. The business's 50-day moving average is $17.50 and its 200 day moving average is $16.71. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.205 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.65%. NETSTREIT's payout ratio is currently 745.52%.

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.