Hsbc Holdings PLC Has $1.07 Million Stock Position in NETSTREIT Corp. (NYSE:NTST)

Hsbc Holdings PLC lifted its position in NETSTREIT Corp. (NYSE:NTST) by 31.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,973 shares of the company’s stock after buying an additional 18,002 shares during the period. Hsbc Holdings PLC owned about 0.09% of NETSTREIT worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ClearAlpha Technologies LP acquired a new stake in shares of NETSTREIT during the fourth quarter worth about $361,000. Tower Research Capital LLC TRC lifted its stake in NETSTREIT by 19.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 21,377 shares of the company’s stock valued at $302,000 after buying an additional 3,472 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of NETSTREIT by 30.8% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock valued at $48,807,000 after buying an additional 811,632 shares during the period. MetLife Investment Management LLC increased its position in shares of NETSTREIT by 8.8% during the fourth quarter. MetLife Investment Management LLC now owns 48,896 shares of the company’s stock worth $692,000 after acquiring an additional 3,961 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its holdings in shares of NETSTREIT by 68.2% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,811 shares of the company’s stock worth $14,996,000 after acquiring an additional 429,882 shares during the period.

Analyst Ratings Changes

NTST has been the subject of a number of research reports. Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Wells Fargo & Company initiated coverage on NETSTREIT in a research report on Monday, April 7th. They issued an “overweight” rating and a $18.00 target price on the stock. Capital One Financial assumed coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. Finally, Raymond James decreased their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NETSTREIT presently has an average rating of “Buy” and an average price target of $18.03.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer purchased 3,616 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $15.22 per share, for a total transaction of $55,035.52. Following the purchase, the chief executive officer now owns 295,252 shares in the company, valued at approximately $4,493,735.44. The trade was a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is owned by company insiders.

NETSTREIT Trading Down 0.7 %

NYSE NTST opened at $16.03 on Friday. The company has a market cap of $1.31 billion, a PE ratio of -267.12 and a beta of 0.91. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $15.12. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.24%. NETSTREIT’s dividend payout ratio is presently -525.00%.

About NETSTREIT

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.