NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan Buys 1,000 Shares

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan acquired 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $15.00 per share, with a total value of $15,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 14,890 shares in the company, valued at approximately $223,350. This represents a 7.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NETSTREIT Trading Down 0.6 %

Shares of NYSE NTST opened at $14.91 on Wednesday. The firm’s 50 day moving average price is $14.27 and its 200-day moving average price is $15.40. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week 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. The company has a market cap of $1.22 billion, a PE ratio of -248.38 and a beta of 1.00.

NETSTREIT Announces Dividend

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 given a $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.64%. NETSTREIT’s dividend payout ratio (DPR) is presently -525.00%.

Institutional Trading of NETSTREIT

A number of institutional investors and hedge funds have recently modified their holdings of NTST. Sumitomo Mitsui Trust Group Inc. raised its position in NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after buying an additional 1,535,761 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of NETSTREIT by 46.4% in the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock worth $67,924,000 after acquiring an additional 1,521,668 shares during the period. Tributary Capital Management LLC purchased a new position in shares of NETSTREIT during the fourth quarter valued at approximately $12,633,000. Hudson Bay Capital Management LP boosted its holdings in NETSTREIT by 195.9% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,338,746 shares of the company’s stock worth $18,943,000 after purchasing an additional 886,283 shares during the last quarter. Finally, DigitalBridge Group Inc. boosted its holdings in NETSTREIT by 1,175.4% in the fourth quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company’s stock worth $13,499,000 after purchasing an additional 879,168 shares during the last quarter.

Analyst Upgrades and Downgrades

NTST has been the subject of several research analyst reports. Capital One Financial initiated coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They issued an “overweight” rating for the company. Truist Financial decreased their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Stifel Nicolaus dropped their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Raymond James decreased their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Finally, 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently 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.