Coppell Advisory Solutions LLC Cuts Position in NETSTREIT Corp. $NTST

Coppell Advisory Solutions LLC decreased its holdings in NETSTREIT Corp. (NYSE:NTST) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,847 shares of the company’s stock after selling 852 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in NETSTREIT were worth $77,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Hohimer Wealth Management LLC boosted its position in NETSTREIT by 6.2% during the first quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company’s stock worth $183,000 after purchasing an additional 677 shares in the last quarter. Amundi boosted its position in NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares in the last quarter. Arizona State Retirement System boosted its position in NETSTREIT by 4.2% during the first quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock worth $371,000 after purchasing an additional 945 shares in the last quarter. CWM LLC boosted its position in NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after purchasing an additional 989 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in NETSTREIT by 4.4% during the first quarter. American Century Companies Inc. now owns 25,465 shares of the company’s stock worth $404,000 after purchasing an additional 1,065 shares in the last quarter.

NETSTREIT Trading Up 2.0%

NTST stock opened at $18.28 on Wednesday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -228.50, a PEG ratio of 4.11 and a beta of 0.89. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $16.57. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $19.18.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.215 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. NETSTREIT’s dividend payout ratio is -1,075.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NTST shares. Robert W. Baird upped their target price on NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a research note on Wednesday, August 27th. Wells Fargo & Company increased their price target on NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Raymond James Financial reissued a “strong-buy” rating and set a $21.00 price target on shares of NETSTREIT in a research note on Wednesday, July 30th. Finally, UBS Group increased their price target on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $19.58.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer bought 5,600 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average cost of $17.93 per share, with a total value of $100,408.00. Following the transaction, the chief executive officer owned 316,378 shares of the company’s stock, valued at $5,672,657.54. This represents a 1.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

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.