T. Rowe Price Investment Management Inc. Purchases 354,973 Shares of NETSTREIT Corp. (NYSE:NTST)

T. Rowe Price Investment Management Inc. boosted its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,834,118 shares of the company's stock after buying an additional 354,973 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 8.38% of NETSTREIT worth $96,703,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swiss National Bank increased its stake in shares of NETSTREIT by 5.7% during the fourth quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after buying an additional 8,200 shares during the period. Nordea Investment Management AB acquired a new position in shares of NETSTREIT during the fourth quarter valued at about $6,714,000. JPMorgan Chase & Co. grew its holdings in shares of NETSTREIT by 173.9% during the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after buying an additional 361,577 shares during the last quarter. Geode Capital Management LLC boosted its position in NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company's stock valued at $32,748,000 after buying an additional 112,047 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in NETSTREIT by 3.0% during the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock valued at $94,287,000 after purchasing an additional 191,846 shares during the period.

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 6,384 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the transaction, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. This trade represents a 2.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 12,000 shares of company stock worth $183,172 over the last ninety days. Company insiders own 0.58% of the company's stock.

Wall Street Analysts Forecast Growth

NTST has been the topic of a number of recent analyst reports. Raymond James lowered their price target on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 17th. Mizuho boosted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company assumed coverage on NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective for the company. Finally, Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $18.03.

NETSTREIT Trading Down 0.1 %

Shares of NETSTREIT stock traded down $0.01 during trading hours on Monday, hitting $15.61. The company's stock had a trading volume of 1,252,445 shares, compared to its average volume of 918,463. The business has a fifty day moving average of $15.29 and a 200 day moving average of $15.12. The company has a market capitalization of $1.28 billion, a PE ratio of -260.12 and a beta of 0.91. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.10. 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 (NYSE:NTST - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. As a group, equities analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.38%. NETSTREIT's payout ratio is -525.00%.

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.