NETSTREIT Corp. (NYSE:NTST) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 966,238 shares of the company's stock after selling 168,979 shares during the period. Russell Investments Group Ltd. owned approximately 1.41% of NETSTREIT worth $17,247,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of NETSTREIT by 56.7% during the third quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company's stock worth $41,661,000 after buying an additional 967,036 shares during the period. Vanguard Group Inc. grew its position in NETSTREIT by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company's stock valued at $100,578,000 after acquiring an additional 466,435 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NETSTREIT by 81.7% during the third 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. American Century Companies Inc. lifted its position in shares of NETSTREIT by 16.5% during the third 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 in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of NETSTREIT by 446.3% in the third quarter. Jump Financial LLC now owns 84,070 shares of the company's stock valued at $1,310,000 after purchasing an additional 68,681 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NTST shares. KeyCorp raised shares of NETSTREIT from an "underweight" rating to a "sector weight" rating in a research note on Thursday, February 1st. Mizuho increased their price objective on NETSTREIT from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.11.

NETSTREIT Stock Up 1.6 %

Shares of NTST traded up $0.27 during midday trading on Friday, reaching $17.36. The stock had a trading volume of 659,871 shares, compared to its average volume of 948,694. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 192.91, a PEG ratio of 3.56 and a beta of 0.99. The company's fifty day simple moving average is $17.27 and its two-hundred day simple moving average is $16.93. NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 3.25.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Monday, June 3rd. NETSTREIT's dividend payout ratio is presently 911.21%.

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.