48,949 Shares in NETSTREIT Corp. (NYSE:NTST) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 48,949 shares of the company's stock, valued at approximately $693,000. Dark Forest Capital Management LP owned 0.06% of NETSTREIT at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NTST. PNC Financial Services Group Inc. lifted its position 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 valued at $77,000 after buying an additional 4,865 shares in the last quarter. Prudent Man Advisors LLC acquired a new stake in shares of NETSTREIT in the fourth quarter valued at about $143,000. Mariner LLC purchased a new stake in shares of NETSTREIT during the fourth quarter worth about $143,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of NETSTREIT during the 4th quarter worth about $152,000. Finally, Sanctuary Advisors LLC purchased a new position in NETSTREIT in the 3rd quarter valued at about $169,000.

Insider Activity

In related news, CEO Mark Manheimer purchased 6,384 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following 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 legal filing with the SEC, which is accessible through this link. In the last three months, insiders bought 12,000 shares of company stock valued at $183,172. Insiders own 0.58% of the company's stock.

NETSTREIT Stock Up 0.6 %

NTST traded up $0.10 during trading hours on Wednesday, hitting $16.05. 289,892 shares of the company's stock were exchanged, compared to its average volume of 917,569. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.10. The firm has a market cap of $1.31 billion, a P/E ratio of -267.12 and a beta of 0.91. The firm has a 50 day moving average of $15.36 and a 200 day moving average of $15.12.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 5.23%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Friday, January 17th. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating for the company. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.03.

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.