Teachers Retirement System of The State of Kentucky Has $1.83 Million Stake in NETSTREIT Corp. (NYSE:NTST)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 50.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,226 shares of the company’s stock after purchasing an additional 34,469 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.14% of NETSTREIT worth $1,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTST. Swiss National Bank boosted its position in NETSTREIT by 5.5% in the 3rd quarter. Swiss National Bank now owns 133,800 shares of the company’s stock valued at $2,085,000 after buying an additional 7,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in NETSTREIT by 81.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,677 shares of the company’s stock valued at $13,238,000 after buying an additional 382,149 shares during the last quarter. Rhumbline Advisers boosted its position in NETSTREIT by 8.7% in the 3rd quarter. Rhumbline Advisers now owns 111,295 shares of the company’s stock valued at $1,734,000 after buying an additional 8,902 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in NETSTREIT by 14.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,954 shares of the company’s stock valued at $260,000 after buying an additional 2,118 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in NETSTREIT in the 3rd quarter valued at $415,000.

Analyst Ratings Changes

A number of research analysts have commented on NTST shares. Scotiabank increased their price objective on NETSTREIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Mizuho raised their price target on NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.09.

Insider Buying and Selling

In related news, Director Todd Minnis sold 6,250 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $17.86, for a total transaction of $111,625.00. Following the sale, the director now owns 10,359 shares of the company’s stock, valued at approximately $185,011.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

NETSTREIT Price Performance

NYSE:NTST opened at $16.90 on Friday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 187.80, a P/E/G ratio of 10.52 and a beta of 0.98. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $17.47.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Monday, June 3rd. NETSTREIT’s payout ratio is presently 911.21%.

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.