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 company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $15.27 per share, with a total value of $15,270.00. Following the purchase, the chief financial officer now owns 15,890 shares in the company, valued at $242,640.30. This represents a 6.72 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NETSTREIT Stock Performance

NETSTREIT stock opened at $14.92 on Wednesday. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $15.35. 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 1-year low of $13.42 and a 1-year high of $18.97. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -248.61 and a beta of 0.99.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.63%. NETSTREIT’s dividend payout ratio is currently -525.00%.

Hedge Funds Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings 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 worth $112,631,000 after acquiring an additional 234,695 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of NETSTREIT by 5.5% in the 4th 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 last quarter. Cohen & Steers Inc. lifted its holdings in shares of NETSTREIT by 3.0% in the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock worth $94,287,000 after acquiring an additional 191,846 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NETSTREIT by 46.4% in the 4th 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 last quarter. Finally, Lasalle Investment Management Securities LLC lifted its holdings in shares of NETSTREIT by 30.8% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock worth $48,807,000 after acquiring an additional 811,632 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NTST shares. Raymond James dropped their price objective 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. Capital One Financial started coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating for the company. Truist Financial dropped their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, Mizuho dropped their price target 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.