164,100 Shares in NETSTREIT Corp. (NYSE:NTST) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 164,100 shares of the company's stock, valued at approximately $2,322,000. Renaissance Technologies LLC owned approximately 0.20% of NETSTREIT at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock valued at $77,000 after purchasing an additional 4,865 shares during the period. Prudent Man Advisors LLC acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $143,000. Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT in the third quarter valued at approximately $169,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $152,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $179,000.

NETSTREIT Stock Down 0.1 %

Shares of NYSE NTST traded down $0.01 during trading on Monday, reaching $15.61. 1,252,445 shares of the stock were exchanged, compared to its average volume of 918,463. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.10. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -260.12 and a beta of 0.91. The business's 50-day moving average price is $15.32 and its 200 day moving average price is $15.12.

NETSTREIT (NYSE:NTST - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. As a group, equities analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.38%. NETSTREIT's payout ratio is -525.00%.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 12,000 shares of company stock worth $183,172 over the last 90 days. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.