KLP Kapitalforvaltning AS Buys New Shares in NETSTREIT Corp. (NYSE:NTST)

KLP Kapitalforvaltning AS purchased a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,400 shares of the company's stock, valued at approximately $260,000.

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

Insider Buying and Selling

In related news, CEO Mark Manheimer bought 3,616 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $15.22 per share, with a total value of $55,035.52. Following the completion of the transaction, the chief executive officer now owns 295,252 shares in the company, valued at $4,493,735.44. The trade was a 1.24 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 12,000 shares of company stock worth $183,172. 0.46% of the stock is owned by insiders.

NETSTREIT Stock Up 2.8 %

NYSE NTST traded up $0.43 during trading on Friday, hitting $15.49. The stock had a trading volume of 907,985 shares, compared to its average volume of 914,828. 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 quick ratio of 4.11 and a current ratio of 4.11. The company's 50-day moving average price is $14.90 and its two-hundred day moving average price is $15.11. The company has a market capitalization of $1.27 billion, a PE ratio of -258.04 and a beta of 0.91.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT's dividend payout ratio is presently -525.00%.

Analyst Upgrades and Downgrades

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

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.