Aew Capital Management L P Has $6.42 Million Stock Position in NETSTREIT Corp. (NYSE:NTST)

Aew Capital Management L P reduced its position in NETSTREIT Corp. (NYSE:NTST) by 83.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 359,402 shares of the company’s stock after selling 1,872,738 shares during the period. Aew Capital Management L P owned about 0.52% of NETSTREIT worth $6,415,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in NETSTREIT by 1,721.2% in the 4th 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. Signaturefd LLC increased its position in NETSTREIT by 266.9% in the 4th 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. Amalgamated Bank increased its position in NETSTREIT by 11.9% in the 3rd quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock worth $99,000 after purchasing an additional 674 shares during the last quarter. Van ECK Associates Corp increased its position in NETSTREIT by 14.8% in the 3rd quarter. Van ECK Associates Corp now owns 7,898 shares of the company’s stock worth $123,000 after purchasing an additional 1,020 shares during the last quarter. Finally, First Affirmative Financial Network increased its position in NETSTREIT by 5.7% in the 4th quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock worth $206,000 after purchasing an additional 618 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wolfe Research raised NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Tuesday, January 2nd. Mizuho increased their price objective on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, KeyCorp raised NETSTREIT from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.11.

NETSTREIT Stock Performance

NYSE:NTST traded down $0.01 during mid-day trading on Friday, hitting $17.01. 1,445,830 shares of the company’s stock traded hands, compared to its average volume of 1,118,138. The firm has a 50 day moving average of $17.28 and a two-hundred day moving average of $16.85. NETSTREIT Corp. has a 12 month low of $13.49 and a 12 month high of $18.97. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 154.64, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.82 annualized dividend and a yield of 4.82%. NETSTREIT’s payout ratio is 745.45%.

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.