Boston Partners Cuts Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Boston Partners decreased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 44.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,148 shares of the company’s stock after selling 30,694 shares during the quarter. Boston Partners’ holdings in NETSTREIT were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NTST. Principal Financial Group Inc. grew its holdings 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 valued at $67,924,000 after buying an additional 1,521,668 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $12,633,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NETSTREIT by 36.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company’s stock valued at $31,239,000 after buying an additional 592,439 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NETSTREIT by 765.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock valued at $10,508,000 after buying an additional 562,273 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in NETSTREIT in the fourth quarter worth approximately $6,714,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James decreased their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Truist Financial decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Mizuho decreased their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Capital One Financial assumed coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Trading Down 1.8 %

NYSE:NTST opened at $15.04 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -250.66 and a beta of 0.99. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.97. The business has a fifty day moving average price of $14.59 and a 200-day moving average price of $15.27.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.58%. NETSTREIT’s dividend payout ratio (DPR) is -525.00%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now directly owns 304,572 shares of the company’s stock, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 12,000 shares of company stock worth $183,172 in the last three months. Corporate insiders own 0.46% of the company’s stock.

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.