GSA Capital Partners LLP Acquires 56,393 Shares of NETSTREIT Corp. (NYSE:NTST)

GSA Capital Partners LLP lifted its position in NETSTREIT Corp. (NYSE:NTST) by 173.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,908 shares of the company’s stock after acquiring an additional 56,393 shares during the period. GSA Capital Partners LLP owned 0.12% of NETSTREIT worth $1,633,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cohen & Steers Inc. raised its position in shares of NETSTREIT by 4.3% in the 4th quarter. Cohen & Steers Inc. now owns 9,344,847 shares of the company’s stock worth $166,806,000 after acquiring an additional 383,240 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NETSTREIT by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 6,785,782 shares of the company’s stock worth $121,126,000 after acquiring an additional 330,192 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of NETSTREIT by 14.5% in the 4th quarter. Principal Financial Group Inc. now owns 4,156,810 shares of the company’s stock worth $74,199,000 after acquiring an additional 526,794 shares in the last quarter. Wellington Management Group LLP raised its position in shares of NETSTREIT by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,743,007 shares of the company’s stock worth $48,963,000 after acquiring an additional 69,005 shares in the last quarter. Finally, Heitman Real Estate Securities LLC raised its position in shares of NETSTREIT by 4.5% in the 4th quarter. Heitman Real Estate Securities LLC now owns 2,370,476 shares of the company’s stock worth $42,313,000 after acquiring an additional 103,006 shares in the last quarter.

NETSTREIT Stock Down 0.6 %

Shares of NETSTREIT stock traded down $0.10 during midday trading on Wednesday, hitting $15.71. The company had a trading volume of 60,838 shares, compared to its average volume of 945,915. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.30. The stock has a market capitalization of $1.15 billion, a P/E ratio of 175.69, a P/E/G ratio of 9.76 and a beta of 0.97. The company has a 50 day moving average of $17.03 and a 200 day moving average of $17.41. NETSTREIT Corp. has a 52-week low of $13.49 and a 52-week high of $18.97.

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a $0.205 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.82 annualized dividend and a dividend yield of 5.22%. NETSTREIT’s payout ratio is currently 911.21%.

Insider Buying and Selling

In other NETSTREIT news, Director Todd Minnis sold 6,250 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $17.86, for a total transaction of $111,625.00. Following the sale, the director now directly owns 10,359 shares in the company, valued at approximately $185,011.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Scotiabank increased their target price on NETSTREIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.09.

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.