NETSTREIT Corp. (NYSE:NTST) CFO Acquires $15,000.00 in Stock

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan purchased 1,000 shares of NETSTREIT stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $15.00 per share, for a total transaction of $15,000.00. Following the completion of the transaction, the chief financial officer now owns 14,890 shares in the company, valued at $223,350. The trade was a 7.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NETSTREIT Trading Up 0.1 %

NETSTREIT stock opened at $14.97 on Tuesday. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97. The company has a market cap of $1.22 billion, a P/E ratio of -249.46 and a beta of 1.00. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $15.41.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.61%. NETSTREIT’s dividend payout ratio is currently -525.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTST shares. Mizuho dropped their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Capital One Financial initiated coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They issued an “overweight” rating on the stock. Truist Financial dropped their price objective 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. Stifel Nicolaus dropped their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. One investment 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 an average rating of “Buy” and a consensus price target of $17.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in shares of NETSTREIT in the fourth quarter worth $41,000. PNC Financial Services Group Inc. boosted its holdings in NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after buying an additional 4,865 shares during the period. Comerica Bank increased its stake in NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company’s stock worth $137,000 after buying an additional 6,166 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in NETSTREIT during the third quarter valued at about $166,000. Finally, Mariner LLC bought a new stake in NETSTREIT during the fourth quarter valued at about $143,000.

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.