State of Alaska Department of Revenue grew its holdings in NETSTREIT Corp. (NYSE:NTST – Get Rating) by 29.4% during the third quarter, Holdings Channel.com reports. The firm owned 30,306 shares of the company’s stock after acquiring an additional 6,888 shares during the quarter. State of Alaska Department of Revenue’s holdings in NETSTREIT were worth $539,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Prudential Financial Inc. increased its stake in NETSTREIT by 196.4% in the 1st quarter. Prudential Financial Inc. now owns 2,074,836 shares of the company’s stock valued at $46,560,000 after buying an additional 1,374,842 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of NETSTREIT by 542.9% in the first quarter. Goldman Sachs Group Inc. now owns 854,986 shares of the company’s stock valued at $19,186,000 after acquiring an additional 721,990 shares during the last quarter. Aew Capital Management L P bought a new stake in NETSTREIT during the second quarter worth about $12,556,000. Principal Financial Group Inc. boosted its position in NETSTREIT by 32.2% during the second quarter. Principal Financial Group Inc. now owns 2,642,994 shares of the company’s stock valued at $49,873,000 after purchasing an additional 643,492 shares during the last quarter. Finally, Millennium Management LLC grew its stake in NETSTREIT by 22.2% in the second quarter. Millennium Management LLC now owns 2,106,006 shares of the company’s stock valued at $39,740,000 after purchasing an additional 383,274 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Robert W. Baird began coverage on NETSTREIT in a research note on Wednesday, September 21st. They set an “outperform” rating and a $23.00 price objective on the stock. Raymond James cut shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $23.00 to $21.00 in a research note on Monday. Truist Financial lowered their price objective on shares of NETSTREIT from $24.00 to $22.00 in a research note on Friday, November 11th. Bank of America cut NETSTREIT from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $21.00 in a report on Monday, November 14th. Finally, TheStreet lowered NETSTREIT from a “c-” rating to a “d+” rating in a research note on Thursday, October 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.29.
NETSTREIT Stock Performance
NETSTREIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.80 annualized dividend and a yield of 4.04%. NETSTREIT’s dividend payout ratio is 500.03%.
NETSTREIT 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.
- Get a free copy of the StockNews.com research report on NETSTREIT (NTST)
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