NETSTREIT Corp. (NYSE:NTST) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. lowered its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 59.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,189 shares of the company's stock after selling 52,243 shares during the period. Natixis Advisors L.P. owned approximately 0.05% of NETSTREIT worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NTST. Vanguard Group Inc. lifted its position in NETSTREIT by 7.8% during the third quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company's stock valued at $100,578,000 after purchasing an additional 466,435 shares during the period. Signaturefd LLC increased its position in shares of NETSTREIT by 266.9% during the 4th quarter. Signaturefd LLC now owns 4,905 shares of the company's stock valued at $88,000 after purchasing an additional 3,568 shares during the last quarter. American Century Companies Inc. lifted its stake 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. lifted its stake 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. Finally, Arizona State Retirement System grew its position in NETSTREIT by 8.1% during the fourth quarter. Arizona State Retirement System now owns 18,728 shares of the company's stock valued at $334,000 after buying an additional 1,399 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NTST shares. KeyCorp upgraded shares of NETSTREIT from an "underweight" rating to a "sector weight" rating in a research note on Thursday, February 1st. Scotiabank boosted their price target on NETSTREIT from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Mizuho raised their price objective on NETSTREIT from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.09.

NETSTREIT Price Performance

NTST traded down $0.01 on Friday, hitting $17.85. 331,837 shares of the company's stock traded hands, compared to its average volume of 705,582. The company's 50 day simple moving average is $17.38 and its 200-day simple moving average is $17.22. 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 one year low of $13.49 and a one year high of $18.97. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 198.36, a P/E/G ratio of 3.71 and a beta of 0.99.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Monday, June 3rd. NETSTREIT's dividend payout ratio (DPR) is presently 911.21%.

NETSTREIT Company 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.