Mirae Asset Global Investments Co. Ltd. Trims Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Mirae Asset Global Investments Co. Ltd. decreased its position in NETSTREIT Corp. (NYSE:NTST) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,473 shares of the company’s stock after selling 8,754 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of NETSTREIT worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of NETSTREIT by 56.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,674,002 shares of the company’s stock valued at $41,661,000 after buying an additional 967,036 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NETSTREIT by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,455,590 shares of the company’s stock valued at $100,578,000 after buying an additional 466,435 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NETSTREIT by 81.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,677 shares of the company’s stock valued at $13,238,000 after buying an additional 382,149 shares during the last quarter. American Century Companies Inc. raised its stake in shares of NETSTREIT by 16.5% during the 3rd quarter. American Century Companies Inc. now owns 2,157,248 shares of the company’s stock valued at $33,610,000 after buying an additional 304,742 shares during the last quarter. Finally, Jump Financial LLC raised its stake in shares of NETSTREIT by 446.3% during the 3rd quarter. Jump Financial LLC now owns 84,070 shares of the company’s stock valued at $1,310,000 after buying an additional 68,681 shares during the last quarter.

NETSTREIT Trading Down 0.8 %

NTST stock opened at $17.02 on Friday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.47. NETSTREIT Corp. has a 12-month low of $13.49 and a 12-month high of $18.97. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 154.70, a PEG ratio of 3.60 and a beta of 0.97. The business’s 50-day moving average is $17.28 and its 200 day moving average is $16.84.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.82%. The ex-dividend date was Thursday, March 14th. NETSTREIT’s payout ratio is 745.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NTST. KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. Wolfe Research upgraded NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Tuesday, January 2nd. Finally, Mizuho lifted 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.