Daniel P. Donlan Acquires 1,000 Shares of NETSTREIT Corp. (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan purchased 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,890 shares in the company, valued at $223,350. This trade represents a 7.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $14.88 on Thursday. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $14.28 and its two-hundred day moving average is $15.40. The company has a market cap of $1.21 billion, a P/E ratio of -247.88 and a beta of 0.99. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.65%. The ex-dividend date is Friday, March 14th. NETSTREIT’s dividend payout ratio is currently -525.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in 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 buying an additional 234,695 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of NETSTREIT by 5.5% during 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 purchasing an additional 354,973 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock worth $94,287,000 after purchasing an additional 191,846 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of NETSTREIT by 46.4% during the 4th quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock worth $67,924,000 after purchasing an additional 1,521,668 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Mizuho decreased their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Raymond James decreased their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research report on Friday, January 17th. Truist Financial decreased their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.