NETSTREIT Corp. (NYSE:NTST) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 14.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 966,238 shares of the company’s stock after selling 168,979 shares during the period. Russell Investments Group Ltd.’s holdings in NETSTREIT were worth $17,247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in shares of NETSTREIT by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 32,512 shares of the company’s stock worth $579,000 after acquiring an additional 608 shares during the last quarter. First Affirmative Financial Network boosted its stake in NETSTREIT by 5.7% during 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 during the last quarter. Amalgamated Bank grew its holdings in shares of NETSTREIT by 11.9% during the third quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock worth $99,000 after buying an additional 674 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of NETSTREIT by 3.8% in the third quarter. Teacher Retirement System of Texas now owns 23,319 shares of the company’s stock valued at $363,000 after buying an additional 857 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in NETSTREIT by 5.9% during the 3rd quarter. Arizona State Retirement System now owns 17,329 shares of the company’s stock valued at $270,000 after acquiring an additional 968 shares in the last quarter.

NETSTREIT Trading Up 1.6 %

NYSE NTST opened at $17.36 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 3.25. The stock has a market capitalization of $1.27 billion, a P/E ratio of 192.91, a PEG ratio of 3.56 and a beta of 0.99. The firm’s 50-day moving average is $17.27 and its two-hundred day moving average is $16.91. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.205 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.72%. NETSTREIT’s dividend payout ratio is currently 911.21%.

Wall Street Analysts Forecast Growth

NTST has been the subject of a number of analyst reports. KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a research report on Thursday, February 1st. Mizuho boosted their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.