NETSTREIT Corp. (NYSE:NTST) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 32.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,914 shares of the company’s stock after buying an additional 32,688 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NETSTREIT were worth $2,478,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its stake in shares of NETSTREIT by 173.4% during the first quarter. GSA Capital Partners LLP now owns 88,908 shares of the company’s stock worth $1,633,000 after buying an additional 56,393 shares during the period. Wellington Management Group LLP lifted its position in shares of NETSTREIT by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,743,007 shares of the company’s stock worth $48,963,000 after purchasing an additional 69,005 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in NETSTREIT in the first quarter valued at $2,068,000. Signaturefd LLC raised its stake in NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock valued at $88,000 after buying an additional 3,568 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in NETSTREIT by 14.5% during the 4th quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock worth $74,199,000 after buying an additional 526,794 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their target price on NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.09.

Insider Buying and Selling at NETSTREIT

In other news, Director Todd Minnis sold 6,250 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 10,359 shares in the company, valued at $185,011.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

NETSTREIT Stock Performance

NYSE NTST traded down $0.05 on Friday, reaching $16.18. The stock had a trading volume of 1,796,900 shares, compared to its average volume of 899,807. The stock has a market cap of $1.19 billion, a P/E ratio of 179.78, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The business’s 50-day moving average price is $16.75 and its 200 day moving average price is $17.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.08.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, July 29th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). The business had revenue of $39.57 million during the quarter, compared to analysts’ expectations of $39.31 million. NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. During the same quarter last year, the company earned $0.30 EPS. As a group, equities analysts expect that NETSTREIT Corp. will post 1.18 earnings per share for the current year.

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.19%. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.21. NETSTREIT’s dividend payout ratio (DPR) is currently 933.33%.

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.