NETSTREIT Corp. $NTST Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 476,691 shares of the company’s stock after buying an additional 1,957 shares during the period. Nordea Investment Management AB’s holdings in NETSTREIT were worth $7,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of NETSTREIT by 126.3% in the 1st 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 period. CWM LLC grew its position 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 in the last quarter. State of Wyoming purchased a new position in NETSTREIT during the first quarter valued at approximately $58,000. GAMMA Investing LLC increased its stake in NETSTREIT by 2,779.7% in the 1st quarter. GAMMA Investing LLC now owns 7,228 shares of the company’s stock valued at $115,000 after buying an additional 6,977 shares during the period. Finally, Hohimer Wealth Management LLC lifted its position in 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 buying an additional 677 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTST. Cantor Fitzgerald initiated coverage on shares of NETSTREIT in a report on Wednesday, October 1st. They set an “overweight” rating and a $21.00 price target on the stock. UBS Group lifted their price objective on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 target price on shares of NETSTREIT in a research report on Wednesday, July 30th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research note on Wednesday, August 27th. Finally, Robert W. Baird boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NETSTREIT currently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

NETSTREIT Stock Up 2.6%

NTST opened at $19.52 on Tuesday. The business has a 50 day moving average price of $18.37 and a 200 day moving average price of $17.22. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $19.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $1.63 billion, a P/E ratio of -243.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.90.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.215 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.4%. NETSTREIT’s dividend payout ratio is presently -1,075.00%.

Insider Activity

In other news, CEO Mark Manheimer acquired 5,600 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was acquired at an average cost of $17.93 per share, with a total value of $100,408.00. Following the acquisition, the chief executive officer owned 316,378 shares in the company, valued at approximately $5,672,657.54. This represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.