Franklin Resources Inc. Increases Stake in NETSTREIT Corp. (NYSE:NTST)

Franklin Resources Inc. has shown a significant increase in its position in NETSTREIT Corp. (NYSE:NTST) by 17.8% during the fourth quarter, according to the most recent Form 13F filing with the Securities and Exchange Commission. The fund now owns 386,569 shares of the company’s stock after purchasing an additional 58,454 shares during the quarter, making it worth $6,900,000 at the end of the reporting period.

Other institutional investors and hedge funds have also made changes to their positions in NETSTREIT. Lindbrook Capital LLC saw a 1,721.2% increase in its stake, while Signaturefd LLC, Amalgamated Bank, Van ECK Associates Corp, and Quadrant Capital Group LLC also increased their positions in the company.

Analysts have set new price targets for NETSTREIT, with various ratings such as “sector perform,” “sector weight,” and “buy.” The stock is currently rated as “Hold” with a consensus target price of $18.09.

NETSTREIT’s stock has been trading up 1.5% recently, with a market cap of $1.25 billion. The company announced a quarterly dividend and insiders have also been active in trading shares.

NETSTREIT Corp. is a real estate investment trust based in Dallas, Texas, focusing on acquiring single-tenant net lease retail properties nationwide. The company’s growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.

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