NETSTREIT Corp. $NTST Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,135,771 shares of the company’s stock after acquiring an additional 2,219 shares during the period. Charles Schwab Investment Management Inc. owned 1.39% of NETSTREIT worth $18,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its stake in shares of NETSTREIT by 6.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company’s stock worth $183,000 after acquiring an additional 677 shares during the period. Arizona State Retirement System lifted its stake in NETSTREIT by 4.2% during the first quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock valued at $371,000 after purchasing an additional 945 shares during the last quarter. CWM LLC lifted its stake in NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company’s stock valued at $36,000 after purchasing an additional 989 shares during the last quarter. Assetmark Inc. lifted its stake in NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock valued at $34,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Corton Capital Inc. lifted its stake in NETSTREIT by 7.7% during the fourth quarter. Corton Capital Inc. now owns 18,313 shares of the company’s stock valued at $259,000 after purchasing an additional 1,305 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. UBS Group increased their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Truist Financial set a $19.00 target price on shares of NETSTREIT in a research note on Friday, July 25th. Bank of America raised shares of NETSTREIT from an “underperform” rating to a “neutral” rating and increased their target price for the company from $18.00 to $19.00 in a research note on Monday, July 28th. Finally, Robert W. Baird increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.14.

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $18.4720 on Friday. The stock has a market cap of $1.54 billion, a PE ratio of -230.90, a price-to-earnings-growth ratio of 4.33 and a beta of 0.89. The business has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $16.23. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $19.18.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. NETSTREIT’s payout ratio is -1,075.00%.

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.