NETSTREIT Corp. (NYSE:NTST) CEO Acquires $97,866.72 in Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer acquired 6,384 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mark Manheimer also recently made the following trade(s):

• On Friday, March 7th, Mark Manheimer purchased 3,616 shares of NETSTREIT stock. The stock was acquired at an average price of $15.22 per share, for a total transaction of $55,035.52.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $14.95 on Thursday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -249.14 and a beta of 0.99. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The stock’s fifty day moving average price is $14.38 and its two-hundred day moving average price is $15.35.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is currently -525.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NTST. Capital One Financial began coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating on the stock. Mizuho dropped their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Raymond James dropped their price target 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. Finally, Truist Financial dropped their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $17.75.

Institutional Trading of NETSTREIT

Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in shares of NETSTREIT during the 4th quarter worth $41,000. PNC Financial Services Group Inc. grew its holdings in shares of NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after purchasing an additional 4,865 shares in the last quarter. Comerica Bank boosted its stake in NETSTREIT by 174.3% in the fourth quarter. Comerica Bank now owns 9,703 shares of the company’s stock valued at $137,000 after buying an additional 6,166 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in NETSTREIT in the third quarter valued at about $166,000. Finally, Mariner LLC acquired a new stake in NETSTREIT in the fourth quarter valued at about $143,000.

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.