25,488 Shares in NETSTREIT Corp. (NYSE:NTST) Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP acquired a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,488 shares of the company's stock, valued at approximately $361,000.

A number of other hedge funds also recently made changes to their positions in the stock. Swiss National Bank increased its position in NETSTREIT by 5.7% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after purchasing an additional 8,200 shares during the period. Nordea Investment Management AB bought a new position in NETSTREIT during the fourth quarter worth $6,714,000. JPMorgan Chase & Co. lifted its holdings in NETSTREIT by 173.9% in the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock valued at $9,414,000 after buying an additional 361,577 shares during the period. Geode Capital Management LLC boosted its position in NETSTREIT by 6.0% during the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company's stock valued at $32,748,000 after acquiring an additional 112,047 shares during the last quarter. Finally, Cohen & Steers Inc. grew its holdings in NETSTREIT by 3.0% during the 4th quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company's stock worth $94,287,000 after acquiring an additional 191,846 shares during the period.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer bought 6,384 shares of the 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 purchase, the chief executive officer now directly owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders purchased 12,000 shares of company stock valued at $183,172. Company insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on 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. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating for the company. Raymond James reduced their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. Finally, 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 target on the stock. One 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 stock. According to data from MarketBeat.com, NETSTREIT has a consensus rating of "Buy" and an average price target of $18.03.

NETSTREIT Trading Up 0.0 %

NYSE:NTST traded up $0.00 during midday trading on Friday, reaching $15.60. 581,715 shares of the stock traded hands, compared to its average volume of 919,236. The stock has a market capitalization of $1.27 billion, a P/E ratio of -260.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company has a fifty day moving average of $15.29 and a 200 day moving average of $15.12. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.21 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.84 annualized dividend and a yield of 5.38%. NETSTREIT's dividend payout ratio (DPR) is presently -525.00%.

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.