Sumitomo Mitsui DS Asset Management Company Ltd Has $346,000 Position in NETSTREIT Corp. $NTST

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 48.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,434 shares of the company’s stock after acquiring an additional 6,666 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NETSTREIT were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NTST. Assetmark Inc. increased its holdings in shares of NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after acquiring an additional 1,200 shares during the last quarter. CWM LLC lifted its holdings in shares of NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after buying an additional 989 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of NETSTREIT in the fourth quarter valued at about $41,000. State of Wyoming bought a new stake in shares of NETSTREIT in the first quarter valued at about $58,000. Finally, GAMMA Investing LLC boosted its position in shares of NETSTREIT by 2,779.7% in the first quarter. GAMMA Investing LLC now owns 7,228 shares of the company’s stock valued at $115,000 after acquiring an additional 6,977 shares during the period.

NETSTREIT Price Performance

NETSTREIT stock opened at $17.81 on Tuesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.49 billion, a PE ratio of -222.56, a P/E/G ratio of 4.12 and a beta of 0.89. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $19.18. The stock has a 50-day moving average price of $18.28 and a two-hundred day moving average price of $16.79.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.215 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, September 2nd. NETSTREIT’s dividend payout ratio is -1,075.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their target price on shares of NETSTREIT from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. UBS Group boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Bank of America raised shares of NETSTREIT from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $18.00 to $19.00 in a research report on Monday, July 28th. Truist Financial set a $19.00 target price on shares of NETSTREIT in a research report on Friday, July 25th. Finally, Robert W. Baird boosted their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT currently has an average rating of “Buy” and an average target price of $19.92.

Insider Buying and Selling

In other news, CEO Mark Manheimer bought 5,600 shares of the company’s stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the transaction, the chief executive officer owned 316,378 shares of the company’s stock, valued at $5,672,657.54. This trade represents a 1.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

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.