T. Rowe Price Investment Management Inc. Has $96.70 Million Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

T. Rowe Price Investment Management Inc. increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,834,118 shares of the company's stock after acquiring an additional 354,973 shares during the period. T. Rowe Price Investment Management Inc. owned about 8.38% of NETSTREIT worth $96,703,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NTST. Swiss National Bank raised its holdings in shares of NETSTREIT by 5.7% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock worth $2,154,000 after buying an additional 8,200 shares in the last quarter. Nordea Investment Management AB bought a new stake in NETSTREIT in the fourth quarter valued at $6,714,000. JPMorgan Chase & Co. lifted its holdings in shares of NETSTREIT by 173.9% during the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after acquiring an additional 361,577 shares during the period. Geode Capital Management LLC grew its holdings in shares of NETSTREIT by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company's stock worth $32,748,000 after purchasing an additional 112,047 shares during the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock worth $94,287,000 after purchasing an additional 191,846 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 6,384 shares of NETSTREIT stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $15.33 per share, with a total value of $97,866.72. Following the completion of the transaction, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 12,000 shares of company stock worth $183,172 in the last 90 days. Company insiders own 0.58% of the company's stock.

NETSTREIT Stock Performance

NTST traded up $0.16 during trading hours on Wednesday, reaching $16.11. The company's stock had a trading volume of 328,096 shares, compared to its average volume of 917,788. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company's 50-day moving average is $15.36 and its 200-day moving average is $15.12. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.10. The firm has a market cap of $1.32 billion, a PE ratio of -268.46 and a beta of 0.91.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.21%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

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.