Principal Financial Group Inc. Has $74.20 Million Position in NETSTREIT Corp. (NYSE:NTST)

Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,156,810 shares of the company's stock after buying an additional 526,794 shares during the quarter. Principal Financial Group Inc. owned approximately 6.05% of NETSTREIT worth $74,199,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in NETSTREIT by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company's stock worth $100,578,000 after acquiring an additional 466,435 shares in the last quarter. Signaturefd LLC increased its stake in NETSTREIT by 266.9% in the 4th quarter. Signaturefd LLC now owns 4,905 shares of the company's stock worth $88,000 after acquiring an additional 3,568 shares during the last quarter. American Century Companies Inc. raised its stake in shares of NETSTREIT by 16.5% in the third quarter. American Century Companies Inc. now owns 2,157,248 shares of the company's stock valued at $33,610,000 after acquiring an additional 304,742 shares during the period. Charles Schwab Investment Management Inc. grew its stake in NETSTREIT by 81.7% in 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 in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of NETSTREIT by 8.1% in the 4th quarter. Arizona State Retirement System now owns 18,728 shares of the company's stock worth $334,000 after buying an additional 1,399 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on NTST. KeyCorp upgraded NETSTREIT from an "underweight" rating to a "sector weight" rating in a report on Thursday, February 1st. Mizuho boosted their target price on NETSTREIT from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.11.

NETSTREIT Stock Performance

NTST traded up $0.04 on Wednesday, reaching $17.87. The stock had a trading volume of 413,796 shares, compared to its average volume of 1,051,679. The business's 50-day moving average price is $17.35 and its two-hundred day moving average price is $17.15. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.55. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The company has a market cap of $1.31 billion, a P/E ratio of 198.13, a price-to-earnings-growth ratio of 3.69 and a beta of 0.99.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a $0.205 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. NETSTREIT's payout ratio is 911.21%.

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.