Lasalle Investment Management Securities LLC grew its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,449,229 shares of the company's stock after purchasing an additional 811,632 shares during the period. NETSTREIT makes up about 2.1% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 20th biggest position. Lasalle Investment Management Securities LLC owned about 4.23% of NETSTREIT worth $48,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock valued at $77,000 after acquiring an additional 4,865 shares during the period. Prudent Man Advisors LLC bought a new stake in shares of NETSTREIT during the fourth quarter worth $143,000. Mariner LLC purchased a new stake in shares of NETSTREIT during the fourth quarter valued at $143,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of NETSTREIT in the fourth quarter worth about $152,000. Finally, Sanctuary Advisors LLC purchased a new position in NETSTREIT in the 3rd quarter worth about $169,000.
Insider Buying and Selling at NETSTREIT
In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the acquisition, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective for the company. Capital One Financial initiated coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. Raymond James decreased their target price 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 increased their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NETSTREIT currently has an average rating of "Buy" and a consensus target price of $18.03.
Get Our Latest Report on NTST
NETSTREIT Stock Down 2.7 %
Shares of NYSE:NTST traded down $0.45 on Wednesday, reaching $16.00. The company had a trading volume of 816,692 shares, compared to its average volume of 918,224. The firm has a market capitalization of $1.31 billion, a PE ratio of -266.62 and a beta of 0.91. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10. The firm's 50 day simple moving average is $15.18 and its 200-day simple moving average is $15.11.
NETSTREIT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.21 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.25%. NETSTREIT's dividend payout ratio is presently -525.00%.
About NETSTREIT
(
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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