64,139 Shares in NETSTREIT Corp. (NYSE:NTST) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 64,139 shares of the company's stock, valued at approximately $908,000. Susquehanna Fundamental Investments LLC owned about 0.08% of NETSTREIT at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in NETSTREIT by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company's stock worth $112,631,000 after buying an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in NETSTREIT by 5.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company's stock valued at $96,703,000 after purchasing an additional 354,973 shares in the last quarter. Cohen & Steers Inc. lifted its stake in NETSTREIT by 3.0% in the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after purchasing an additional 191,846 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock worth $67,924,000 after purchasing an additional 1,521,668 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its position in shares of NETSTREIT by 30.8% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company's stock worth $48,807,000 after purchasing an additional 811,632 shares during the period.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research reports. Raymond James dropped their price target on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 17th. Mizuho lifted their target price on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Capital One Financial began coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $18.03.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer purchased 3,616 shares of the stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $15.22 per share, with a total value of $55,035.52. Following the completion of the purchase, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at approximately $4,493,735.44. This trade represents a 1.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders bought 12,000 shares of company stock worth $183,172. 0.58% of the stock is currently owned by corporate insiders.

NETSTREIT Price Performance

NETSTREIT stock traded up $0.01 during mid-day trading on Thursday, hitting $16.01. 78,305 shares of the company were exchanged, compared to its average volume of 921,345. The business has a fifty day moving average of $15.53 and a 200 day moving average of $15.12. The company has a market capitalization of $1.31 billion, a PE ratio of -266.79 and a beta of 0.90. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.10. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Monday, June 2nd. NETSTREIT's dividend payout ratio is currently -560.00%.

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.