Charles Schwab Investment Management Inc. Increases Holdings in NETSTREIT Corp. (NYSE:NTST)

Charles Schwab Investment Management Inc. raised its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,133,552 shares of the company’s stock after buying an additional 55,378 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NETSTREIT were worth $16,040,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Prudent Man Advisors LLC bought a new stake in shares of NETSTREIT during the 4th quarter valued at $143,000. US Bancorp DE grew its position in shares of NETSTREIT by 743.0% during the 4th quarter. US Bancorp DE now owns 14,297 shares of the company’s stock valued at $202,000 after acquiring an additional 12,601 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of NETSTREIT during the 4th quarter valued at $179,000. Bank of New York Mellon Corp grew its position in shares of NETSTREIT by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 346,688 shares of the company’s stock valued at $4,906,000 after acquiring an additional 24,442 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in NETSTREIT by 162.9% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 72,643 shares of the company’s stock worth $1,028,000 after buying an additional 45,007 shares during the period.

Wall Street Analysts Forecast Growth

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

NETSTREIT Stock Down 0.2 %

NYSE NTST opened at $15.34 on Friday. The stock’s 50 day moving average is $14.56 and its 200 day moving average is $15.29. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97. The stock has a market cap of $1.25 billion, a PE ratio of -255.54 and a beta of 0.99.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.48%. NETSTREIT’s dividend payout ratio (DPR) is -525.00%.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer acquired 3,616 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $15.22 per share, with a total value of $55,035.52. Following the acquisition, the chief executive officer now directly owns 295,252 shares of the company’s stock, valued at approximately $4,493,735.44. The trade was a 1.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have bought 12,000 shares of company stock valued at $183,172 in the last ninety days. Corporate 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.