Nuveen Asset Management LLC cut its holdings in NETSTREIT Corp. (NYSE:NTST – Get Rating) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,093,198 shares of the company’s stock after selling 83,908 shares during the period. Nuveen Asset Management LLC owned about 1.99% of NETSTREIT worth $19,469,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Deutsche Bank AG lifted its holdings in NETSTREIT by 8.4% in the 2nd quarter. Deutsche Bank AG now owns 2,291,423 shares of the company’s stock valued at $43,239,000 after purchasing an additional 176,654 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in NETSTREIT by 108.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 48,303 shares of the company’s stock valued at $911,000 after purchasing an additional 25,110 shares in the last quarter. Van ECK Associates Corp purchased a new position in NETSTREIT in the 3rd quarter valued at about $63,000. Aew Capital Management L P lifted its holdings in NETSTREIT by 190.2% in the 3rd quarter. Aew Capital Management L P now owns 1,931,226 shares of the company’s stock valued at $34,395,000 after purchasing an additional 1,265,846 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in NETSTREIT by 73.9% in the 3rd quarter. SG Americas Securities LLC now owns 23,848 shares of the company’s stock valued at $425,000 after purchasing an additional 10,136 shares in the last quarter.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NTST. Raymond James lowered shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $23.00 to $21.00 in a report on Monday, January 9th. Bank of America lowered shares of NETSTREIT from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday, November 14th. Finally, Truist Financial cut their price objective on shares of NETSTREIT from $24.00 to $22.00 in a report on Friday, November 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.29.
NETSTREIT Stock Down 1.7 %
NETSTREIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Tuesday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is presently 500.00%.
NETSTREIT Company Profile
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.
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