Charles Schwab Investment Management Inc. grew its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,133,552 shares of the company's stock after acquiring an additional 55,378 shares during the period. Charles Schwab Investment Management Inc. owned 1.39% of NETSTREIT worth $16,040,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Prudent Man Advisors LLC bought a new position in shares of NETSTREIT during the 4th quarter valued at approximately $143,000. Hohimer Wealth Management LLC purchased a new position in NETSTREIT during the third quarter valued at approximately $166,000. Sanctuary Advisors LLC bought a new position in shares of NETSTREIT in the third quarter worth approximately $169,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of NETSTREIT in the third quarter worth $177,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of NETSTREIT during the 4th quarter valued at $179,000.
Insiders Place Their Bets
In other NETSTREIT news, CEO Mark Manheimer purchased 6,384 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $15.33 per share, with a total value of $97,866.72. Following the acquisition, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 12,000 shares of company stock valued at $183,172 in the last three months. Corporate insiders own 0.46% of the company's stock.
NETSTREIT Price Performance
Shares of NTST traded up $0.25 during mid-day trading on Monday, hitting $15.27. 427,742 shares of the stock were exchanged, compared to its average volume of 877,169. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market cap of $1.25 billion, a PE ratio of -254.37 and a beta of 0.99. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97. The firm has a 50-day moving average of $14.59 and a two-hundred day moving average of $15.26.
NETSTREIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.50%. NETSTREIT's dividend payout ratio (DPR) is currently -525.00%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on NTST. Raymond James dropped their target price on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. Mizuho dropped their price objective on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating for the company. Finally, Truist Financial lowered their price target on NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $17.75.
Read Our Latest Stock Analysis 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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