NETSTREIT Corp. (NYSE:NTST) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 19.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,473 shares of the company’s stock after selling 8,754 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NETSTREIT were worth $651,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Asset Management One Co. Ltd. boosted its stake in shares of NETSTREIT by 25.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 215,182 shares of the company’s stock worth $3,878,000 after buying an additional 44,145 shares during the period. Arizona State Retirement System raised its holdings in NETSTREIT by 8.1% during the fourth quarter. Arizona State Retirement System now owns 18,728 shares of the company’s stock worth $334,000 after purchasing an additional 1,399 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in NETSTREIT by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 32,512 shares of the company’s stock worth $579,000 after purchasing an additional 608 shares in the last quarter. SG Americas Securities LLC raised its holdings in NETSTREIT by 25.0% during the fourth quarter. SG Americas Securities LLC now owns 42,428 shares of the company’s stock worth $757,000 after purchasing an additional 8,494 shares in the last quarter. Finally, First Affirmative Financial Network raised its holdings in NETSTREIT by 5.7% during the fourth quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock worth $206,000 after purchasing an additional 618 shares in the last quarter.

NETSTREIT Trading Down 0.8 %

Shares of NETSTREIT stock opened at $17.02 on Friday. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.25 billion, a PE ratio of 154.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.97. The company has a 50-day moving average of $17.28 and a two-hundred day moving average of $16.84.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.82%. NETSTREIT’s dividend payout ratio (DPR) is presently 745.52%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTST. Wolfe Research raised shares of NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Tuesday, January 2nd. KeyCorp raised shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 1st. Finally, Mizuho increased their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.