JPMorgan Chase & Co. Purchases 213,449 Shares of NETSTREIT Corp. (NYSE:NTST)

JPMorgan Chase & Co. raised its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 782,976 shares of the company's stock after buying an additional 213,449 shares during the period. JPMorgan Chase & Co. owned 0.96% of NETSTREIT worth $11,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in NETSTREIT by 3.3% during the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after acquiring an additional 781 shares during the period. Daiwa Securities Group Inc. grew its position in NETSTREIT by 3.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after acquiring an additional 789 shares during the last quarter. Carmel Capital Partners LLC lifted its stake in NETSTREIT by 4.7% in the fourth quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock worth $370,000 after acquiring an additional 1,174 shares during the period. Arizona State Retirement System boosted its holdings in shares of NETSTREIT by 6.3% during the 4th quarter. Arizona State Retirement System now owns 22,456 shares of the company's stock valued at $318,000 after buying an additional 1,331 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in NETSTREIT by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,729 shares of the company's stock valued at $208,000 after purchasing an additional 1,366 shares during the last quarter.

Analyst Upgrades and Downgrades

NTST has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. Capital One Financial initiated coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating on the stock. Mizuho upped their price objective on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Finally, Raymond James lowered their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NETSTREIT currently has a consensus rating of "Buy" and an average target price of $18.03.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer bought 3,616 shares of NETSTREIT stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $15.22 per share, for a total transaction of $55,035.52. Following the purchase, the chief executive officer now owns 295,252 shares in the company, valued at $4,493,735.44. This represents a 1.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is currently owned by company insiders.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded up $0.38 during midday trading on Friday, hitting $16.48. The stock had a trading volume of 792,059 shares, compared to its average volume of 917,540. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $15.08 and a two-hundred day moving average price of $15.11. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.10. The company has a market capitalization of $1.35 billion, a PE ratio of -274.54 and a beta of 0.91.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT's dividend payout ratio is currently -525.00%.

NETSTREIT 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.