Aew Capital Management L P Sells 1,872,738 Shares of NETSTREIT Corp. (NYSE:NTST)

Aew Capital Management L P cut its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 83.9% during the 4th quarter, HoldingsChannel.com reports. 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’s holdings in NETSTREIT were worth $6,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 1,790 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock valued at $88,000 after purchasing an additional 3,568 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of NETSTREIT by 11.9% in the third quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock valued at $99,000 after purchasing an additional 674 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NETSTREIT by 14.8% in the third quarter. Van ECK Associates Corp now owns 7,898 shares of the company’s stock valued at $123,000 after purchasing an additional 1,020 shares in the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of NETSTREIT by 5.7% in the fourth quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock valued at $206,000 after purchasing an additional 618 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NTST shares. Mizuho boosted their price target on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Wolfe Research upgraded NETSTREIT from a “peer perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Tuesday, January 2nd. Finally, KeyCorp upgraded NETSTREIT from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.11.

NETSTREIT Stock Down 0.1 %

Shares of NYSE:NTST traded down $0.01 during midday trading on Friday, reaching $17.01. The company had a trading volume of 1,445,830 shares, compared to its average volume of 1,118,138. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $17.28 and its 200 day moving average price is $16.85. The stock has a market cap of $1.25 billion, a PE ratio of 154.64, a P/E/G ratio of 3.57 and a beta of 0.97. NETSTREIT Corp. has a 1-year low of $13.49 and a 1-year high of $18.97.

NETSTREIT Announces Dividend

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