Cwm LLC Acquires 989 Shares of NETSTREIT Corp. (NYSE:NTST)

Cwm LLC grew its holdings in NETSTREIT Corp. (NYSE:NTST) by 78.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,253 shares of the company’s stock after purchasing an additional 989 shares during the period. Cwm LLC’s holdings in NETSTREIT were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NTST. American Century Companies Inc. grew its position in shares of NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company’s stock valued at $345,000 after buying an additional 781 shares during the last quarter. Sei Investments Co. grew its position in shares of NETSTREIT by 146.1% in the 4th quarter. Sei Investments Co. now owns 53,997 shares of the company’s stock valued at $764,000 after buying an additional 32,060 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of NETSTREIT in the 4th quarter valued at about $260,000. LPL Financial LLC bought a new stake in shares of NETSTREIT during the 4th quarter valued at about $236,000. Finally, Vanguard Group Inc. boosted its position in shares of NETSTREIT by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company’s stock valued at $112,631,000 after purchasing an additional 234,695 shares in the last quarter.

NETSTREIT Price Performance

NYSE:NTST opened at $18.73 on Tuesday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -234.06, a P/E/G ratio of 4.21 and a beta of 0.89. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.93. The stock has a fifty day moving average of $17.05 and a 200 day moving average of $15.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.6%. This is an increase 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 is presently -1,050.00%.

Analyst Ratings Changes

NTST has been the topic of several recent research reports. UBS Group increased their price target on NETSTREIT from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Truist Financial set a $19.00 target price on NETSTREIT in a report on Friday, July 25th. Wells Fargo & Company started coverage on NETSTREIT in a report on Monday, April 7th. They issued an “overweight” rating and a $18.00 target price on the stock. Bank of America upgraded NETSTREIT from an “underperform” rating to a “neutral” rating and raised their target price for the company from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Robert W. Baird raised their target price on NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NETSTREIT currently has an average rating of “Buy” and an average price target of $18.83.

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.