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

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan acquired 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $15,000.00. Following the acquisition, the chief financial officer now directly owns 14,890 shares in the company, valued at $223,350. This represents a 7.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NETSTREIT Price Performance

NETSTREIT stock opened at $14.88 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The firm has a market cap of $1.21 billion, a P/E ratio of -247.88 and a beta of 0.99. The business’s fifty day moving average is $14.28 and its two-hundred day moving average is $15.40. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.97.

NETSTREIT Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial decreased 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. Mizuho decreased 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. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Capital One Financial assumed coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating on the stock. Finally, Raymond James decreased 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $17.75.

Hedge Funds Weigh In On NETSTREIT

A number of institutional investors and hedge funds have recently bought and sold shares of NTST. Vanguard Group Inc. raised its position in shares of NETSTREIT by 3.0% during the fourth 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. raised its position in shares of NETSTREIT by 5.5% during the fourth 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. raised its position in shares of NETSTREIT by 3.0% during the fourth 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. raised its position in shares of NETSTREIT by 46.4% during the fourth 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 raised its position in shares of NETSTREIT by 30.8% during the fourth 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.

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.