Centersquare Investment Management LLC increased its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,929,490 shares of the company's stock after purchasing an additional 429,642 shares during the quarter. Centersquare Investment Management LLC owned about 2.37% of NETSTREIT worth $27,302,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pitcairn Co. acquired a new stake in shares of NETSTREIT during the 4th quarter valued at $276,000. Geode Capital Management LLC lifted its holdings in shares of NETSTREIT by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 2,022,772 shares of the company's stock valued at $28,628,000 after purchasing an additional 41,972 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of NETSTREIT by 12.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,882,658 shares of the company's stock valued at $26,640,000 after purchasing an additional 206,357 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in NETSTREIT by 6.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 105,000 shares of the company's stock worth $1,486,000 after purchasing an additional 6,300 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in NETSTREIT during the 4th quarter worth about $883,000.
Insider Buying and Selling at NETSTREIT
In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $15.33 per share, with a total value of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 12,000 shares of company stock worth $183,172 over the last ninety days. 0.46% of the stock is currently owned by insiders.
NETSTREIT Stock Down 1.0 %
Shares of NTST traded down $0.15 during midday trading on Wednesday, reaching $14.46. 614,240 shares of the stock were exchanged, compared to its average volume of 916,063. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -240.98 and a beta of 0.91. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.10. The firm has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $15.14.
NETSTREIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date was Friday, March 14th. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.
Analyst Ratings Changes
NTST has been the subject of several recent analyst reports. Wells Fargo & Company began coverage on shares of NETSTREIT in a report on Monday. They issued an "overweight" rating and a $18.00 target price for the company. Mizuho lifted their price target on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Raymond James reduced their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. Finally, Capital One Financial initiated coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NETSTREIT presently has an average rating of "Buy" and a consensus target price of $18.03.
View Our Latest Research Report on NTST
About NETSTREIT
(
Free Report)
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.
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