Russell Investments Group Ltd. Has $17.25 Million Holdings in NETSTREIT Corp. (NYSE:NTST)

Russell Investments Group Ltd. trimmed its holdings in NETSTREIT Corp. (NYSE:NTST) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 966,238 shares of the company’s stock after selling 168,979 shares during the period. Russell Investments Group Ltd. owned about 1.41% of NETSTREIT worth $17,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of NETSTREIT by 364.3% in the third quarter. SG Americas Securities LLC now owns 33,934 shares of the company’s stock valued at $529,000 after buying an additional 26,626 shares during the period. State of Alaska Department of Revenue boosted its holdings in NETSTREIT by 11.2% during the third quarter. State of Alaska Department of Revenue now owns 31,904 shares of the company’s stock worth $496,000 after purchasing an additional 3,215 shares during the last quarter. Bank of New York Mellon Corp grew its position in NETSTREIT by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 346,443 shares of the company’s stock valued at $5,398,000 after purchasing an additional 15,522 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in NETSTREIT by 19.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,208 shares of the company’s stock valued at $362,000 after buying an additional 3,838 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in NETSTREIT by 20.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,227 shares of the company’s stock worth $705,000 after buying an additional 7,811 shares in the last quarter.

NETSTREIT Stock Performance

NTST opened at $17.36 on Friday. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The business has a 50 day moving average of $17.27 and a 200-day moving average of $16.91. The company has a quick ratio of 3.25, a current ratio of 4.30 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 192.91, a PEG ratio of 3.56 and a beta of 0.99.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be issued a $0.205 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.72%. NETSTREIT’s dividend payout ratio is currently 911.21%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NTST shares. KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 1st. Mizuho increased their price objective on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.11.

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.