New Age Alpha Advisors LLC Invests $883,000 in NETSTREIT Corp. (NYSE:NTST)

New Age Alpha Advisors LLC purchased a new stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 62,393 shares of the company's stock, valued at approximately $883,000. New Age Alpha Advisors LLC owned about 0.08% of NETSTREIT at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of NETSTREIT by 3.3% during the fourth quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock valued at $345,000 after acquiring an additional 781 shares during the last quarter. Daiwa Securities Group Inc. raised 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 purchasing an additional 789 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in NETSTREIT by 4.7% during the 4th quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock worth $370,000 after buying an additional 1,174 shares during the period. QSV Equity Investors LLC grew its position in shares of NETSTREIT by 1.6% in the 3rd quarter. QSV Equity Investors LLC now owns 77,533 shares of the company's stock valued at $1,282,000 after buying an additional 1,214 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of 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 buying an additional 1,331 shares during the period.

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NETSTREIT Trading Down 0.5 %

NYSE:NTST traded down $0.08 during midday trading on Wednesday, reaching $15.71. 724,199 shares of the stock traded hands, compared to its average volume of 903,559. The stock has a market capitalization of $1.28 billion, a P/E ratio of -261.79 and a beta of 0.99. The company has a fifty day moving average of $14.80 and a 200 day moving average of $15.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10.

NETSTREIT Dividend Announcement

The company also recently disclosed 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 5.35%. NETSTREIT's dividend payout ratio (DPR) is -525.00%.

Insider Activity at NETSTREIT

In other news, CEO Mark Manheimer purchased 6,384 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now directly owns 304,572 shares in the company, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 12,000 shares of company stock valued at $183,172 in the last 90 days. Corporate insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James cut their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 17th. Capital One Financial started coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating on the stock. Mizuho dropped their price objective on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, 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 note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $17.75.

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.