Swiss National Bank Has $2.36 Million Stake in NETSTREIT Corp. (NYSE:NTST)

Swiss National Bank lowered its holdings in NETSTREIT Corp. (NYSE:NTST) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,000 shares of the company’s stock after selling 1,800 shares during the quarter. Swiss National Bank owned about 0.19% of NETSTREIT worth $2,356,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in NETSTREIT by 1,721.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,894 shares of the company’s stock worth $34,000 after purchasing an additional 1,790 shares in the last quarter. Signaturefd LLC boosted its stake in NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock worth $88,000 after purchasing an additional 3,568 shares in the last quarter. Amalgamated Bank boosted its stake in NETSTREIT by 11.9% in the third quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock worth $99,000 after purchasing an additional 674 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of NETSTREIT by 14.8% during the third quarter. Van ECK Associates Corp now owns 7,898 shares of the company’s stock valued at $123,000 after acquiring an additional 1,020 shares during the period. Finally, First Affirmative Financial Network lifted its stake in shares of NETSTREIT by 5.7% during the fourth quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock valued at $206,000 after acquiring an additional 618 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NTST shares. Scotiabank upped their price target on NETSTREIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Mizuho upped their price target on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, KeyCorp raised NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have assigned 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 “Hold” and an average target price of $18.09.

NETSTREIT Trading Down 2.1 %

NYSE NTST opened at $17.38 on Friday. The stock has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $17.26. The company has a market capitalization of $1.28 billion, a PE ratio of 193.13, a P/E/G ratio of 10.85 and a beta of 0.99. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.55. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97.

NETSTREIT Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.72%. NETSTREIT’s dividend payout ratio (DPR) is currently 911.21%.

Insider Transactions at NETSTREIT

In other news, Director Todd Minnis sold 6,250 shares of the firm’s stock in a transaction dated 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 $185,011.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

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.