Cbre Investment Management Listed Real Assets LLC Has $10.08 Million Stock Position in NETSTREIT Corp. $NTST

Cbre Investment Management Listed Real Assets LLC lowered its stake in NETSTREIT Corp. (NYSE:NTST) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 595,474 shares of the company’s stock after selling 59,408 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.71% of NETSTREIT worth $10,081,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in NETSTREIT by 76.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 620,213 shares of the company’s stock worth $10,500,000 after purchasing an additional 268,797 shares during the period. Corton Capital Inc. lifted its holdings in shares of NETSTREIT by 25.7% in the second quarter. Corton Capital Inc. now owns 18,971 shares of the company’s stock valued at $321,000 after purchasing an additional 3,879 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of NETSTREIT during the second quarter worth about $1,591,000. Envestnet Asset Management Inc. boosted its position in shares of NETSTREIT by 33.5% during the second quarter. Envestnet Asset Management Inc. now owns 231,733 shares of the company’s stock worth $3,923,000 after buying an additional 58,091 shares during the period. Finally, Prudent Man Advisors LLC grew its holdings in shares of NETSTREIT by 25.9% during the second quarter. Prudent Man Advisors LLC now owns 12,737 shares of the company’s stock worth $216,000 after buying an additional 2,619 shares in the last quarter.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer bought 5,600 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were bought 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 $5,672,657.54. This trade represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is owned by corporate insiders.

NETSTREIT Price Performance

NYSE:NTST opened at $18.20 on Friday. The stock has a market capitalization of $1.52 billion, a PE ratio of -1,819,600.00, a P/E/G ratio of 3.89 and a beta of 0.90. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $19.64. The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $17.51. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, December 1st.

Wall Street Analysts Forecast Growth

NTST has been the topic of several research reports. Berenberg Bank assumed coverage on NETSTREIT in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 target price on the stock. Stifel Nicolaus boosted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Cantor Fitzgerald began coverage on shares of NETSTREIT in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $21.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of NETSTREIT in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.45.

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.