New Age Alpha Advisors LLC Makes New Investment in NETSTREIT Corp. (NYSE:NTST)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after acquiring an additional 4,865 shares in the last quarter. Prudent Man Advisors LLC acquired a new stake in NETSTREIT in the 4th quarter valued at $143,000. Envestnet Portfolio Solutions Inc. acquired a new stake in NETSTREIT in the 4th quarter valued at $152,000. Hohimer Wealth Management LLC bought a new stake in NETSTREIT during the 3rd quarter worth about $166,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT during the 3rd quarter worth about $169,000.

NETSTREIT Stock Performance

NYSE NTST traded down $0.31 during trading on Friday, reaching $15.31. The company's stock had a trading volume of 929,390 shares, compared to its average volume of 908,197. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10. The firm has a 50 day moving average price of $14.84 and a 200 day moving average price of $15.17. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -255.16 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Friday, March 14th. NETSTREIT's dividend payout ratio is currently -525.00%.

Insiders Place Their Bets

In related news, CEO Mark Manheimer bought 6,384 shares of the company's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $15.33 per share, with a total value of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at $4,669,088.76. The trade was a 2.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 12,000 shares of company stock worth $183,172 in the last 90 days. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

NTST has been the topic of several analyst reports. Capital One Financial initiated coverage on NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Mizuho boosted their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Raymond James cut 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $18.04.

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.