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

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan bought 1,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $15.27 per share, for a total transaction of $15,270.00. Following the purchase, the chief financial officer now owns 15,890 shares in the company, valued at approximately $242,640.30. This trade represents a 6.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NETSTREIT Price Performance

Shares of NTST stock opened at $14.95 on Thursday. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.97. The firm has a fifty day moving average of $14.38 and a two-hundred day 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. The firm has a market cap of $1.22 billion, a P/E ratio of -249.14 and a beta of 0.99.

NETSTREIT Announces Dividend

The firm also recently declared 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. 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 presently -525.00%.

Wall Street Analysts Forecast Growth

NTST has been the topic of a number of research reports. Capital One Financial initiated coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating on the stock. Truist Financial cut their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James cut their target price on shares of 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, Mizuho lowered their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NETSTREIT presently has an average rating of “Buy” and a consensus price target of $17.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted 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 valued at $112,631,000 after buying an additional 234,695 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $96,703,000 after purchasing an additional 354,973 shares during the last quarter. Cohen & Steers Inc. lifted its position in NETSTREIT by 3.0% in the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock valued at $94,287,000 after purchasing an additional 191,846 shares during the last quarter. Principal Financial Group Inc. lifted its position in NETSTREIT by 46.4% in the 4th quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock valued at $67,924,000 after purchasing an additional 1,521,668 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its position in NETSTREIT by 30.8% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock valued at $48,807,000 after purchasing an additional 811,632 shares during the last quarter.

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.