Daiwa Securities Group Inc. Has $373,000 Stake in NETSTREIT Corp. (NYSE:NTST)

Daiwa Securities Group Inc. boosted its stake in NETSTREIT Corp. (NYSE:NTST) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,383 shares of the company’s stock after purchasing an additional 789 shares during the period. Daiwa Securities Group Inc.’s holdings in NETSTREIT were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NTST. Sumitomo Mitsui Trust Group Inc. increased its holdings in NETSTREIT by 1,931.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after purchasing an additional 1,535,761 shares during the period. Principal Financial Group Inc. boosted its position in NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock valued at $67,924,000 after acquiring an additional 1,521,668 shares during the last quarter. Tributary Capital Management LLC bought a new stake in NETSTREIT during the fourth quarter valued at $12,633,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NETSTREIT by 765.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock valued at $10,508,000 after acquiring an additional 562,273 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in NETSTREIT during the fourth quarter valued at $6,714,000.

NETSTREIT Price Performance

NTST stock opened at $15.24 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.97. The stock has a market capitalization of $1.24 billion, a PE ratio of -253.87 and a beta of 0.99. The company’s 50-day moving average is $14.43 and its 200-day moving average is $15.31.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.51%. NETSTREIT’s dividend payout ratio is presently -525.00%.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer bought 6,384 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the acquisition, the chief executive officer now directly owns 304,572 shares of the company’s stock, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 12,000 shares of company stock worth $183,172 in the last quarter. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James cut their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. Mizuho cut their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Truist Financial cut their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Capital One Financial started coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $17.75.

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.