NETSTREIT Corp. (NYSE:NTST) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,767 shares of the company’s stock after selling 1,179 shares during the period. Voya Investment Management LLC’s holdings in NETSTREIT were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in NTST. PNC Financial Services Group Inc. lifted its stake in shares of NETSTREIT by 861.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after buying an additional 4,865 shares during the period. Prudent Man Advisors LLC acquired a new position in NETSTREIT in the 4th quarter worth approximately $143,000. Mariner LLC acquired a new position in NETSTREIT in the 4th quarter worth approximately $143,000. Envestnet Portfolio Solutions Inc. acquired a new position in NETSTREIT in the 4th quarter worth approximately $152,000. Finally, Proficio Capital Partners LLC acquired a new position in NETSTREIT in the 4th quarter worth approximately $179,000.

NETSTREIT Stock Up 1.2%

NTST stock opened at $16.17 on Monday. The firm has a market cap of $1.32 billion, a PE ratio of -269.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The firm’s fifty day moving average is $15.57 and its 200 day moving average is $15.10. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.10.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT’s payout ratio is -560.00%.

Analyst Upgrades and Downgrades

NTST has been the topic of several research reports. Wells Fargo & Company began coverage on shares of NETSTREIT in a report on Monday, April 7th. They issued an “overweight” rating and a $18.00 price target on the stock. Mizuho boosted their price objective on NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, April 3rd. Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a report on Friday, January 17th. Finally, Capital One Financial began coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.03.

Insider Transactions at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer bought 3,616 shares of NETSTREIT stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $15.22 per share, with a total value of $55,035.52. Following the purchase, the chief executive officer now directly owns 295,252 shares in the company, valued at $4,493,735.44. This represents a 1.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 12,000 shares of company stock valued at $183,172 in the last three months. 0.58% of the stock is currently owned by company insiders.

About NETSTREIT

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.