Insider Buying: NETSTREIT Corp. (NYSE:NTST) CFO Acquires 1,000 Shares of Stock

NETSTREIT Corp. (NYSE:NTST - Get Free Report) CFO Daniel P. Donlan acquired 1,000 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $15.27 per share, with a total value of $15,270.00. Following the completion of the transaction, the chief financial officer now owns 15,890 shares of the company's stock, valued at approximately $242,640.30. This represents a 6.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

NETSTREIT Trading Up 0.0 %

Shares of NTST traded up $0.01 during trading hours on Tuesday, hitting $15.24. 64,796 shares of the stock were exchanged, compared to its average volume of 824,800. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $18.97. The business has a 50-day moving average of $14.35 and a 200-day moving average of $15.36. The firm has a market capitalization of $1.24 billion, a P/E ratio of -252.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Friday, March 14th. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank raised shares of NETSTREIT from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. Truist Financial cut their price target on NETSTREIT from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Mizuho lowered 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. Raymond James cut their target price 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. Finally, Capital One Financial assumed coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating for the company. One 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, NETSTREIT has a consensus rating of "Buy" and an average price target of $17.75.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DigitalBridge Group Inc. lifted its stake in NETSTREIT by 1,175.4% in the fourth quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company's stock valued at $13,499,000 after buying an additional 879,168 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of NETSTREIT by 4.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 115,503 shares of the company's stock valued at $1,634,000 after acquiring an additional 5,070 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of NETSTREIT by 27.6% during the 4th quarter. Two Sigma Advisers LP now owns 543,500 shares of the company's stock valued at $7,691,000 after acquiring an additional 117,700 shares during the period. Toronto Dominion Bank bought a new position in NETSTREIT during the fourth quarter worth $354,000. Finally, Nuveen Asset Management LLC grew its holdings in NETSTREIT by 19.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,155,193 shares of the company's stock worth $30,496,000 after purchasing an additional 357,678 shares during the period.

NETSTREIT Company Profile

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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