NETSTREIT Corp. (NYSE:NTST - Get Free Report) CEO Mark Manheimer purchased 3,616 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $15.22 per share, with a total value of $55,035.52. Following the purchase, the chief executive officer now owns 295,252 shares in the company, valued at $4,493,735.44. This represents a 1.24 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NETSTREIT Trading Up 0.2 %
Shares of NTST opened at $15.21 on Tuesday. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $14.35 and a 200-day simple moving average of $15.36. The stock has a market cap of $1.24 billion, a PE ratio of -253.37 and a beta of 0.99.
NETSTREIT Dividend Announcement
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 $0.21 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.52%. NETSTREIT's payout ratio is presently -525.00%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on NTST. 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 note on Friday, January 17th. Capital One Financial began coverage on NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating for the company. Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, December 5th. Mizuho decreased their target price on NETSTREIT from $17.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank upgraded NETSTREIT from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. One 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.com, the stock presently has a consensus rating of "Buy" and an average price target of $17.75.
Check Out Our Latest Stock Analysis on NTST
Hedge Funds Weigh In On NETSTREIT
Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in shares of NETSTREIT in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. raised its holdings in shares of NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after buying an additional 4,865 shares in the last quarter. Comerica Bank raised its holdings in shares of NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after buying an additional 6,166 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of NETSTREIT in the 3rd quarter worth approximately $166,000. Finally, Mariner LLC acquired a new position in shares of NETSTREIT in the 4th quarter worth approximately $143,000.
NETSTREIT Company Profile
(
Get Free Report)
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.
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