CANADA LIFE ASSURANCE Co Grows Position in NETSTREIT Corp. (NYSE:NTST)

CANADA LIFE ASSURANCE Co boosted its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,073 shares of the company's stock after acquiring an additional 19,449 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.13% of NETSTREIT worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its position in shares of NETSTREIT by 216.9% in the third quarter. Barclays PLC now owns 123,066 shares of the company's stock valued at $2,033,000 after acquiring an additional 84,226 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of NETSTREIT in the third quarter worth about $169,000. JPMorgan Chase & Co. increased its holdings in NETSTREIT by 173.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after purchasing an additional 361,577 shares during the period. Nordea Investment Management AB bought a new position in NETSTREIT during the 4th quarter valued at approximately $6,714,000. Finally, SG Americas Securities LLC lifted its holdings in NETSTREIT by 12.9% in the 4th quarter. SG Americas Securities LLC now owns 37,604 shares of the company's stock worth $532,000 after buying an additional 4,284 shares during the period.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer bought 6,384 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over 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 Stock Down 0.7 %

Shares of NYSE NTST traded down $0.12 on Friday, reaching $16.03. 477,131 shares of the company's stock traded hands, compared to its average volume of 921,866. 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 simple moving average is $15.46 and its two-hundred day simple moving average is $15.11. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -267.12 and a beta of 0.90.

NETSTREIT Dividend Announcement

The business also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Monday, June 2nd. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTST shares. Wells Fargo & Company assumed coverage on NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. Raymond James decreased their price objective on shares of 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 target price on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Finally, Capital One Financial began coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating for the company. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.