APG Asset Management US Inc. Sells 25,300 Shares of NETSTREIT Corp. (NYSE:NTST)

APG Asset Management US Inc. trimmed its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,263 shares of the company's stock after selling 25,300 shares during the period. APG Asset Management US Inc. owned 1.40% of NETSTREIT worth $16,121,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NTST. PNC Financial Services Group Inc. lifted its position in 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 purchasing an additional 4,865 shares during the period. Prudent Man Advisors LLC acquired a new stake in NETSTREIT during the 4th quarter worth $143,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of NETSTREIT in the 4th quarter worth $152,000. Hohimer Wealth Management LLC acquired a new stake in shares of NETSTREIT during the third quarter worth $166,000. Finally, Sanctuary Advisors LLC acquired a new position in NETSTREIT in the third quarter valued at about $169,000.

NETSTREIT Stock Up 0.9 %

Shares of NYSE:NTST traded up $0.14 during midday trading on Monday, reaching $15.65. The company had a trading volume of 444,559 shares, compared to its average volume of 913,373. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.10. The stock has a market cap of $1.28 billion, a PE ratio of -260.79 and a beta of 0.91. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The business's 50 day moving average price is $14.90 and its 200 day moving average price is $15.10.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.37%. NETSTREIT's dividend payout ratio is -525.00%.

Analysts Set New Price Targets

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

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now directly owns 304,572 shares in the company, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 12,000 shares of company stock worth $183,172 over the last ninety days. Insiders own 0.46% of the company's stock.

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.