Renaissance Technologies LLC Purchases New Shares in NETSTREIT Corp. (NYSE:NTST)

Renaissance Technologies LLC bought a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 164,100 shares of the company's stock, valued at approximately $2,322,000. Renaissance Technologies LLC owned about 0.20% of NETSTREIT at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Stifel Financial Corp acquired a new position in shares of NETSTREIT in the 3rd quarter valued at $480,000. Barclays PLC grew its position in shares of NETSTREIT by 216.9% during the 3rd quarter. Barclays PLC now owns 123,066 shares of the company's stock worth $2,033,000 after buying an additional 84,226 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of NETSTREIT in the 3rd quarter valued at about $169,000. JPMorgan Chase & Co. raised its position in shares of NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after acquiring an additional 361,577 shares during the period. Finally, Nordea Investment Management AB bought a new position in NETSTREIT during the 4th quarter worth approximately $6,714,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NTST shares. Wells Fargo & Company began coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 target price for the company. Mizuho lifted their target price on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Raymond James lowered their price target on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. Finally, Capital One Financial began coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NETSTREIT currently has a consensus rating of "Buy" and a consensus price target of $18.03.

NETSTREIT Stock Performance

NYSE:NTST traded up $0.26 on Wednesday, hitting $16.21. The company's stock had a trading volume of 522,196 shares, compared to its average volume of 918,622. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.10. The stock has a fifty day moving average of $15.36 and a two-hundred day moving average of $15.12. 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 firm has a market capitalization of $1.32 billion, a P/E ratio of -270.12 and a beta of 0.91.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Monday, June 2nd. NETSTREIT's payout ratio is presently -525.00%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the transaction, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders purchased 12,000 shares of company stock worth $183,172. 0.58% of the stock is owned by insiders.

NETSTREIT 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.