NETSTREIT Corp. (NYSE:NTST) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,743,007 shares of the company’s stock after buying an additional 69,005 shares during the quarter. Wellington Management Group LLP owned about 3.75% of NETSTREIT worth $48,963,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in shares of NETSTREIT by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 32,512 shares of the company’s stock worth $579,000 after acquiring an additional 608 shares during the last quarter. First Affirmative Financial Network grew its position in NETSTREIT by 5.7% during the 4th quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock worth $206,000 after purchasing an additional 618 shares during the last quarter. Arizona State Retirement System increased its stake in NETSTREIT by 8.1% in the fourth quarter. Arizona State Retirement System now owns 18,728 shares of the company’s stock valued at $334,000 after purchasing an additional 1,399 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of NETSTREIT by 9.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,741 shares of the company’s stock valued at $292,000 after buying an additional 1,543 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of NETSTREIT by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 75,350 shares of the company’s stock worth $1,345,000 after buying an additional 1,600 shares during the period.

Insider Transactions at NETSTREIT

In related news, Director Todd Minnis sold 6,250 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $17.86, for a total value of $111,625.00. Following the completion of the sale, the director now owns 10,359 shares in the company, valued at $185,011.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target 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 upped their price target on NETSTREIT from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.09.

NETSTREIT Price Performance

NETSTREIT stock opened at $16.90 on Friday. The stock’s 50 day moving average price is $17.19 and its 200 day moving average price is $17.47. NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.97. The company has a market cap of $1.24 billion, a PE ratio of 187.78, a price-to-earnings-growth ratio of 10.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.30 and a quick ratio of 4.30.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a dividend of $0.205 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.85%. NETSTREIT’s payout ratio is currently 911.11%.

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.