Crestline Management LP Has $923,000 Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Crestline Management LP lifted its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 152.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,254 shares of the company's stock after buying an additional 39,413 shares during the period. Crestline Management LP owned about 0.08% of NETSTREIT worth $923,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after acquiring an additional 4,865 shares during the period. Comerica Bank raised its stake in 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 purchased a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $143,000. Mariner LLC acquired a new position in shares of NETSTREIT in the fourth quarter valued at approximately $143,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in NETSTREIT during the 4th quarter worth approximately $152,000.

NETSTREIT Stock Down 1.0%

NTST stock traded down $0.15 during trading hours on Wednesday, hitting $15.39. The company's stock had a trading volume of 751,802 shares, compared to its average volume of 933,266. 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 company has a market capitalization of $1.26 billion, a PE ratio of -256.46 and a beta of 0.90. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.10. The stock has a 50 day moving average price of $15.60 and a two-hundred day moving average price of $15.11.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.84 annualized dividend and a dividend yield of 5.46%. NETSTREIT's payout ratio is -560.00%.

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 6,384 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the purchase, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. This trade represents a 2.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 12,000 shares of company stock worth $183,172 over the last 90 days. Corporate insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho upped their price target on shares of 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 assumed coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. Capital One Financial began coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Raymond James decreased their target price 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. 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. According to MarketBeat.com, NETSTREIT has an average rating of "Buy" and a consensus 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.