Daniel P. Donlan Buys 1,000 Shares of NETSTREIT Corp. (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST - Get Free Report) CFO Daniel P. Donlan purchased 1,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $15.00 per share, for a total transaction of $15,000.00. Following the purchase, the chief financial officer now owns 14,890 shares in the company, valued at approximately $223,350. The trade was a 7.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NETSTREIT Trading Up 1.8 %

Shares of NETSTREIT stock traded up $0.27 during trading on Friday, hitting $15.20. The company's stock had a trading volume of 858,805 shares, compared to its average volume of 835,359. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -253.21 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 stock has a 50-day moving average price of $14.30 and a two-hundred day moving average price of $15.40. 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 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 $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.53%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

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Hedge Funds Weigh In On NETSTREIT

A number of hedge funds have recently made changes to their positions in NTST. Lazard Asset Management LLC bought a new stake in NETSTREIT in the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. lifted its position in shares of NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after purchasing an additional 4,865 shares during the period. Comerica Bank boosted its stake in shares of NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after purchasing an additional 6,166 shares during the last quarter. Prudent Man Advisors LLC acquired a new stake in shares of NETSTREIT during the fourth quarter worth $143,000. Finally, Mariner LLC bought a new position in NETSTREIT during the fourth quarter worth $143,000.

Analyst Ratings Changes

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

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.