NETSTREIT Corp. (NYSE:NTST) CEO Buys $97,866.72 in Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer bought 6,384 shares of the business’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $15.33 per share, with a total value of $97,866.72. Following the completion of the purchase, the chief executive officer now directly owns 304,572 shares of the company’s stock, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mark Manheimer also recently made the following trade(s):

• On Friday, March 7th, Mark Manheimer purchased 3,616 shares of NETSTREIT stock. The stock was acquired at an average price of $15.22 per share, for a total transaction of $55,035.52.

NETSTREIT Stock Up 1.6 %

NYSE:NTST opened at $15.24 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.97. The firm’s 50 day simple moving average is $14.43 and its 200 day simple moving average is $15.33. The company has a market cap of $1.24 billion, a PE ratio of -253.87 and a beta of 0.99.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.51%. NETSTREIT’s dividend payout ratio is -525.00%.

Institutional Trading of NETSTREIT

A number of institutional investors and hedge funds have recently bought and sold shares of NTST. Vanguard Group Inc. grew its position in shares of NETSTREIT by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company’s stock valued at $112,631,000 after buying an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of NETSTREIT by 5.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company’s stock worth $96,703,000 after acquiring an additional 354,973 shares during the period. Cohen & Steers Inc. boosted its holdings in NETSTREIT by 3.0% in the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock valued at $94,287,000 after acquiring an additional 191,846 shares during the last quarter. Principal Financial Group Inc. increased its position in NETSTREIT by 46.4% during the 4th quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock valued at $67,924,000 after purchasing an additional 1,521,668 shares during the period. Finally, Lasalle Investment Management Securities LLC raised its holdings in NETSTREIT by 30.8% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock worth $48,807,000 after purchasing an additional 811,632 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial reduced their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James decreased their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. Mizuho dropped their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Capital One Financial started coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating on the stock. One equities 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $17.75.

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.