Daiwa Securities Group Inc. Lowers Position in NETSTREIT Corp. (NYSE:NTST)

Daiwa Securities Group Inc. lessened its stake in NETSTREIT Corp. (NYSE:NTST) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,179 shares of the company’s stock after selling 1,046 shares during the period. Daiwa Securities Group Inc.’s holdings in NETSTREIT were worth $360,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in NETSTREIT by 1.9% in the 4th 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. First Affirmative Financial Network boosted its position in NETSTREIT by 5.7% in the 4th 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. Amalgamated Bank boosted its position in NETSTREIT by 11.9% in the 3rd quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock worth $99,000 after purchasing an additional 674 shares in the last quarter. Teacher Retirement System of Texas boosted its position in NETSTREIT by 3.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 23,319 shares of the company’s stock worth $363,000 after purchasing an additional 857 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in NETSTREIT by 5.9% in the 3rd quarter. Arizona State Retirement System now owns 17,329 shares of the company’s stock worth $270,000 after purchasing an additional 968 shares in the last quarter.

Analyst Ratings Changes

NTST has been the subject of several research analyst reports. Wolfe Research raised NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, January 2nd. KeyCorp raised NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Finally, Mizuho upped 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. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.11.

NETSTREIT Stock Down 0.1 %

NYSE NTST opened at $17.01 on Friday. The business has a fifty day moving average price of $17.28 and a 200 day moving average price of $16.85. NETSTREIT Corp. has a one year low of $13.49 and a one year high of $18.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.25 and a current ratio of 3.25. The company has a market cap of $1.25 billion, a P/E ratio of 154.64, a P/E/G ratio of 3.57 and a beta of 0.97.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Thursday, March 14th. NETSTREIT’s dividend payout ratio is currently 745.45%.

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.