Frontier Capital Management Co. LLC boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Get Rating) by 34.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 324,302 shares of the company's stock after acquiring an additional 83,620 shares during the period. Frontier Capital Management Co. LLC owned 0.59% of NETSTREIT worth $5,776,000 as of its most recent filing with the SEC.
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A number of other institutional investors have also recently bought and sold shares of NTST. Envestnet Asset Management Inc. acquired a new stake in NETSTREIT during the 1st quarter worth $277,000. Raymond James & Associates grew its holdings in shares of NETSTREIT by 18.0% in the 1st quarter. Raymond James & Associates now owns 13,693 shares of the company's stock valued at $307,000 after buying an additional 2,092 shares during the period. MetLife Investment Management LLC grew its holdings in shares of NETSTREIT by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 23,148 shares of the company's stock valued at $519,000 after buying an additional 8,543 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of NETSTREIT by 5.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 33,856 shares of the company's stock valued at $789,000 after buying an additional 1,746 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of NETSTREIT by 20.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 190,470 shares of the company's stock valued at $4,274,000 after buying an additional 32,500 shares during the period.
NTST opened at $20.34 on Friday. The firm's fifty day simple moving average is $19.51 and its 200 day simple moving average is $19.21. The company has a current ratio of 3.84, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. NETSTREIT Corp. has a 12 month low of $17.07 and a 12 month high of $23.72. The stock has a market capitalization of $1.18 billion, a P/E ratio of 127.13, a P/E/G ratio of 2.13 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.93%. NETSTREIT's dividend payout ratio (DPR) is presently 500.03%.
Several equities analysts have recently issued reports on NTST shares. Truist Financial decreased their price target on shares of NETSTREIT from $24.00 to $22.00 in a report on Friday, November 11th. Raymond James lowered shares of NETSTREIT from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $23.00 to $21.00 in a report on Monday, January 9th. Finally, Bank of America cut shares of NETSTREIT from a "buy" rating to a "neutral" rating and cut their price objective for the company from $22.00 to $21.00 in a research report on Monday, November 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.29.
NETSTREIT 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.
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