Crestline Management LP Has $923,000 Position in NETSTREIT Corp. (NYSE:NTST)

Crestline Management LP raised its stake in NETSTREIT Corp. (NYSE:NTST) by 152.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,254 shares of the company’s stock after buying an additional 39,413 shares during the quarter. Crestline Management LP owned 0.08% of NETSTREIT worth $923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON acquired a new stake in shares of NETSTREIT during the 4th quarter valued at about $5,677,000. Balyasny Asset Management L.P. lifted its stake in NETSTREIT by 0.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,553,669 shares of the company’s stock valued at $36,134,000 after acquiring an additional 20,215 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in NETSTREIT in the fourth quarter worth approximately $788,000. Ameriprise Financial Inc. increased its stake in shares of NETSTREIT by 21.5% during the 4th quarter. Ameriprise Financial Inc. now owns 44,116 shares of the company’s stock worth $624,000 after purchasing an additional 7,820 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of NETSTREIT during the 4th quarter valued at $363,000.

Analyst Upgrades and Downgrades

Several research firms have commented on NTST. Capital One Financial assumed coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Raymond James cut their price objective 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. Wells Fargo & Company assumed coverage on NETSTREIT in a research report on Monday, April 7th. They set an “overweight” rating and a $18.00 target price for the company. Finally, Mizuho lifted their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of “Buy” and a consensus target price of $18.03.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer purchased 6,384 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $15.33 per share, for a total transaction 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. This represents a 2.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 12,000 shares of company stock valued at $183,172. Insiders own 0.58% of the company’s stock.

NETSTREIT Trading Up 1.2 %

Shares of NTST stock opened at $16.17 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of -269.46 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.10. The firm’s fifty day simple moving average is $15.57 and its 200 day simple moving average is $15.12. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.19%. NETSTREIT’s payout ratio is -560.00%.

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.