Insider Buying: NETSTREIT Corp. (NYSE:NTST) CFO Buys 1,000 Shares of Stock

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan acquired 1,000 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $15.27 per share, for a total transaction of $15,270.00. Following the purchase, the chief financial officer now directly owns 15,890 shares in the company, valued at approximately $242,640.30. The trade was a 6.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NETSTREIT Trading Up 0.2 %

Shares of NTST stock opened at $14.95 on Thursday. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -249.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The firm has a fifty day moving average of $14.38 and a 200-day moving average of $15.35.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is currently -525.00%.

Institutional Investors Weigh In On NETSTREIT

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of NETSTREIT by 3.3% in the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company’s stock valued at $345,000 after purchasing an additional 781 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in NETSTREIT by 3.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company’s stock worth $373,000 after buying an additional 789 shares during the period. Natixis Advisors LLC raised its holdings in NETSTREIT by 3.7% during the 3rd quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock worth $431,000 after buying an additional 941 shares during the period. Carmel Capital Partners LLC raised its holdings in shares of NETSTREIT by 4.7% in the fourth quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company’s stock valued at $370,000 after purchasing an additional 1,174 shares during the last quarter. Finally, QSV Equity Investors LLC raised its holdings in shares of NETSTREIT by 1.6% in the third quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,214 shares during the last quarter.

Analyst Upgrades and Downgrades

NTST has been the topic of several analyst reports. Raymond James dropped their target price on shares of 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 lowered their price objective on shares of 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 for the company. Finally, Truist Financial decreased their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NETSTREIT has a consensus rating of “Buy” and an average target price of $17.75.

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.