NETSTREIT Corp. (NYSE:NTST) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,642 shares of the company’s stock after purchasing an additional 19,234 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of NETSTREIT worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in NETSTREIT by 3.3% during the fourth quarter. American Century Companies Inc. now owns 24,400 shares of the company’s stock worth $345,000 after purchasing an additional 781 shares in the last quarter. Corton Capital Inc. raised its holdings in NETSTREIT by 7.7% during the fourth quarter. Corton Capital Inc. now owns 18,313 shares of the company’s stock worth $259,000 after purchasing an additional 1,305 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NETSTREIT by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,256 shares of the company’s stock worth $626,000 after purchasing an additional 1,678 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in NETSTREIT by 6.8% during the first quarter. State of Alaska Department of Revenue now owns 39,750 shares of the company’s stock worth $629,000 after purchasing an additional 2,518 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in NETSTREIT by 3.8% during the fourth quarter. California State Teachers Retirement System now owns 72,370 shares of the company’s stock worth $1,024,000 after purchasing an additional 2,626 shares in the last quarter.

NETSTREIT Stock Performance

NYSE:NTST opened at $18.34 on Monday. The firm’s fifty day moving average price is $16.72 and its 200 day moving average price is $15.66. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -229.19 and a beta of 0.89.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.69%. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. NETSTREIT’s dividend payout ratio (DPR) is -1,050.00%.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an “overweight” rating and a $18.00 price objective on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of NETSTREIT in a report on Friday, May 23rd. Robert W. Baird lifted their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group lifted their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Mizuho lifted their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $18.47.

About NETSTREIT

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.