NETSTREIT Corp. (NYSE:NTST) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,638 shares of the company's stock after buying an additional 19,138 shares during the period. Victory Capital Management Inc. owned 0.13% of NETSTREIT worth $1,481,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NTST. Prudent Man Advisors LLC bought a new position in shares of NETSTREIT during the 4th quarter worth approximately $143,000. Hohimer Wealth Management LLC bought a new stake in NETSTREIT during the 3rd quarter valued at $166,000. Sanctuary Advisors LLC bought a new stake in NETSTREIT during the 3rd quarter valued at $169,000. Infrastructure Capital Advisors LLC purchased a new position in shares of NETSTREIT during the 3rd quarter valued at $177,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of NETSTREIT during the 4th quarter valued at $179,000.

Insider Buying and Selling

In related news, CEO Mark Manheimer bought 3,616 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $15.22 per share, for a total transaction of $55,035.52. Following the completion of the purchase, the chief executive officer now directly owns 295,252 shares of the company's stock, valued at $4,493,735.44. This represents a 1.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 12,000 shares of company stock worth $183,172 in the last ninety days. 0.46% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTST. Truist Financial cut their target price on shares of NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Mizuho reduced their target price on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Capital One Financial started coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. Finally, Raymond James reduced their price target 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NETSTREIT has a consensus rating of "Buy" and an average price target of $17.75.

NETSTREIT Trading Down 1.8 %

NTST traded down $0.28 during trading on Friday, hitting $15.04. 1,191,238 shares of the stock were exchanged, compared to its average volume of 877,592. The firm has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $15.28. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -250.66 and a beta of 0.99. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.97. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.58%. NETSTREIT's dividend payout ratio (DPR) is -525.00%.

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.