Teachers Retirement System of The State of Kentucky Has $1.83 Million Holdings in NETSTREIT Corp. (NYSE:NTST)

Teachers Retirement System of The State of Kentucky increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,226 shares of the company’s stock after purchasing an additional 34,469 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NETSTREIT were worth $1,825,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NTST. Lindbrook Capital LLC grew its stake in shares of NETSTREIT by 1,721.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,894 shares of the company’s stock worth $34,000 after purchasing an additional 1,790 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of NETSTREIT by 702.3% in the fourth quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after purchasing an additional 3,013 shares during the last quarter. Signaturefd LLC grew its stake in shares of NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock worth $88,000 after purchasing an additional 3,568 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of NETSTREIT by 204.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,361 shares of the company’s stock worth $149,000 after purchasing an additional 5,619 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of NETSTREIT by 22.7% in the fourth quarter. Van ECK Associates Corp now owns 9,694 shares of the company’s stock worth $173,000 after purchasing an additional 1,796 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Scotiabank boosted their price objective on shares of NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Mizuho upped their price target on shares of NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.09.

NETSTREIT Stock Performance

Shares of NTST opened at $16.90 on Friday. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.24 billion, a P/E ratio of 187.80, a price-to-earnings-growth ratio of 10.52 and a beta of 0.98. The firm’s fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $17.47. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.85%. NETSTREIT’s dividend payout ratio (DPR) is presently 911.21%.

Insider Transactions at NETSTREIT

In other news, Director Todd Minnis sold 6,250 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $17.86, for a total transaction of $111,625.00. Following the transaction, the director now owns 10,359 shares of the company’s stock, valued at approximately $185,011.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

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.