Balyasny Asset Management L.P. Purchases 20,215 Shares of NETSTREIT Corp. (NYSE:NTST)

Balyasny Asset Management L.P. grew its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,553,669 shares of the company's stock after purchasing an additional 20,215 shares during the quarter. Balyasny Asset Management L.P. owned approximately 3.13% of NETSTREIT worth $36,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NTST. PNC Financial Services Group Inc. grew its stake 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 during the period. Comerica Bank raised its holdings in shares of NETSTREIT by 174.3% during the fourth quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after purchasing an additional 6,166 shares during the period. Prudent Man Advisors LLC bought a new position in shares of NETSTREIT during the fourth quarter worth about $143,000. Mariner LLC acquired a new position in NETSTREIT during the 4th quarter worth $143,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of NETSTREIT in the 4th quarter worth approximately $152,000.

NETSTREIT Price Performance

NYSE NTST traded up $0.19 on Friday, hitting $16.17. 861,590 shares of the company's stock were exchanged, compared to its average volume of 927,636. 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 market cap of $1.32 billion, a price-to-earnings ratio of -269.46 and a beta of 0.90. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.10. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $15.11.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.19%. NETSTREIT's payout ratio is presently -560.00%.

Insider Activity at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer purchased 3,616 shares of the 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 completion of the transaction, the chief executive officer now directly owns 295,252 shares in the company, valued at approximately $4,493,735.44. This trade 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 link. In the last quarter, insiders have acquired 12,000 shares of company stock valued at $183,172. 0.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTST. Raymond James reduced 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. Mizuho lifted their price objective on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company began coverage on NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. Finally, Capital One Financial initiated coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating for the company. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $18.03.

NETSTREIT Company 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.