Mark Manheimer Purchases 3,616 Shares of NETSTREIT Corp. (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST - Get Free Report) CEO Mark Manheimer purchased 3,616 shares of the stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $15.22 per share, for a total transaction of $55,035.52. Following the transaction, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at $4,493,735.44. This represents a 1.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NETSTREIT Trading Down 2.0 %

Shares of NYSE NTST traded down $0.31 during mid-day trading on Tuesday, reaching $14.92. 961,760 shares of the company's stock were exchanged, compared to its average volume of 844,814. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -248.61 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 company's 50-day moving average is $14.35 and its 200-day moving average is $15.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

NETSTREIT Announces Dividend

The business also recently declared 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Friday, March 14th. NETSTREIT's dividend payout ratio is presently -525.00%.

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Hedge Funds Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock valued at $345,000 after purchasing an additional 781 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of NETSTREIT by 3.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after buying an additional 789 shares during the period. Natixis Advisors LLC grew its stake in shares of NETSTREIT by 3.7% in the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company's stock valued at $431,000 after buying an additional 941 shares in the last quarter. Carmel Capital Partners LLC raised its holdings in shares of NETSTREIT by 4.7% in the 4th quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock valued at $370,000 after buying an additional 1,174 shares during the period. Finally, QSV Equity Investors LLC lifted its stake in NETSTREIT by 1.6% during the 3rd quarter. QSV Equity Investors LLC now owns 77,533 shares of the company's stock worth $1,282,000 after acquiring an additional 1,214 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTST shares. Mizuho lowered their price target on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Truist Financial lowered their target price on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Capital One Financial initiated coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating for the company. Scotiabank raised shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Finally, Raymond James dropped their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NETSTREIT has a consensus rating of "Buy" and an average target price of $17.75.

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.