NETSTREIT Corp. (NYSE:NTST) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in NETSTREIT Corp. (NYSE:NTST) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,274 shares of the company’s stock after selling 8,396 shares during the period. Nisa Investment Advisors LLC’s holdings in NETSTREIT were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NTST. Envestnet Asset Management Inc. acquired a new position in shares of NETSTREIT in the 1st quarter valued at $277,000. Raymond James & Associates lifted its stake in shares of NETSTREIT by 18.0% in the 1st quarter. Raymond James & Associates now owns 13,693 shares of the company’s stock valued at $307,000 after purchasing an additional 2,092 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of NETSTREIT by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 23,148 shares of the company’s stock valued at $519,000 after purchasing an additional 8,543 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of NETSTREIT by 5.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 33,856 shares of the company’s stock valued at $789,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NETSTREIT by 20.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 190,470 shares of the company’s stock valued at $4,274,000 after purchasing an additional 32,500 shares during the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $16.48 on Thursday. The stock’s 50-day moving average is $17.32 and its two-hundred day moving average is $16.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.25 and a quick ratio of 3.25. NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.97. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 149.77, a price-to-earnings-growth ratio of 3.46 and a beta of 0.97.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.82 annualized dividend and a yield of 4.98%. NETSTREIT’s dividend payout ratio (DPR) is 745.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTST shares. Wolfe Research raised NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Tuesday, January 2nd. Mizuho increased 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. Finally, KeyCorp raised NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.11.

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.