Corient Private Wealth LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,770 shares of the company's stock, valued at approximately $563,000.
A number of other large investors also recently modified their holdings of NTST. Principal Financial Group Inc. raised its holdings in NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company's stock worth $67,924,000 after buying an additional 1,521,668 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of NETSTREIT during the fourth quarter worth about $12,633,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NETSTREIT by 36.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company's stock worth $31,239,000 after acquiring an additional 592,439 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NETSTREIT by 765.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company's stock worth $10,508,000 after acquiring an additional 562,273 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in NETSTREIT in the 4th quarter valued at about $6,714,000.
Insiders Place Their Bets
In other news, CEO Mark Manheimer acquired 3,616 shares of NETSTREIT stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $15.22 per share, with a total value of $55,035.52. Following the completion of the acquisition, the chief executive officer now owns 295,252 shares in the company, valued at approximately $4,493,735.44. This trade represents a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 12,000 shares of company stock valued at $183,172. Company insiders own 0.46% of the company's stock.
NETSTREIT Stock Performance
Shares of NETSTREIT stock traded down $0.08 during trading hours on Wednesday, hitting $15.71. 724,199 shares of the company's stock traded hands, compared to its average volume of 903,560. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -261.79 and a beta of 0.99. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The company has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $15.19.
NETSTREIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.35%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.
Analyst Ratings Changes
A number of analysts have commented on NTST shares. Truist Financial decreased their price objective on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, December 5th. Mizuho lowered their price target on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Raymond James dropped their price target on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $17.75.
View Our Latest Analysis on NTST
NETSTREIT Company Profile
(
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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