Raymond James Financial Inc. Takes Position in NETSTREIT Corp. (NYSE:NTST)

Raymond James Financial Inc. acquired a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 65,530 shares of the company's stock, valued at approximately $927,000. Raymond James Financial Inc. owned about 0.08% of NETSTREIT as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of NETSTREIT by 9.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,078,174 shares of the company's stock valued at $17,822,000 after buying an additional 95,433 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in NETSTREIT by 5.5% in the third quarter. The Manufacturers Life Insurance Company now owns 38,137 shares of the company's stock valued at $630,000 after acquiring an additional 2,001 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NETSTREIT by 765.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company's stock valued at $10,508,000 after purchasing an additional 562,273 shares during the period. Janus Henderson Group PLC increased its position in NETSTREIT by 56.5% during the 3rd quarter. Janus Henderson Group PLC now owns 43,800 shares of the company's stock valued at $724,000 after purchasing an additional 15,821 shares during the period. Finally, Stifel Financial Corp bought a new position in NETSTREIT during the 3rd quarter worth approximately $480,000.

NETSTREIT Stock Up 3.4 %

NTST traded up $0.49 during trading on Wednesday, hitting $15.10. 1,732,285 shares of the company's stock were exchanged, compared to its average volume of 915,124. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $18.10. The stock has a market cap of $1.23 billion, a P/E ratio of -251.62 and a beta of 0.91. The business's 50 day moving average is $14.87 and its two-hundred day moving average is $15.13. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend yield of 5.56%. NETSTREIT's dividend payout ratio is presently -525.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NTST shares. Raymond James dropped 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. Wells Fargo & Company began coverage on NETSTREIT in a research note on Monday. They issued an "overweight" rating and a $18.00 price target on the stock. Mizuho increased their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Capital One Financial initiated coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating for the company. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $18.03.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer purchased 3,616 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $15.22 per share, for a total transaction of $55,035.52. Following the completion of the acquisition, the chief executive officer now owns 295,252 shares of the company's stock, valued at $4,493,735.44. This represents a 1.24 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have acquired 12,000 shares of company stock valued at $183,172. 0.46% of the stock is owned by corporate insiders.

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.