Toronto Dominion Bank bought a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $354,000.
Several other institutional investors and hedge funds also recently made changes to their positions in NTST. Lazard Asset Management LLC bought a new position in NETSTREIT during the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. increased 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 worth $77,000 after purchasing an additional 4,865 shares during the last quarter. Comerica Bank raised its holdings in shares of NETSTREIT by 174.3% in the 4th 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. Mariner LLC bought a new stake in shares of NETSTREIT in the 4th quarter worth approximately $143,000. Finally, Prudent Man Advisors LLC bought a new position in NETSTREIT during the fourth quarter valued at $143,000.
Insider Transactions at NETSTREIT
In related news, CEO Mark Manheimer bought 6,384 shares of the company's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 12,000 shares of company stock valued at $183,172. 0.58% of the stock is currently owned by company insiders.
NETSTREIT Price Performance
NYSE:NTST traded down $0.10 during mid-day trading on Thursday, hitting $15.94. 291,187 shares of the stock traded hands, compared to its average volume of 940,295. The business's 50-day moving average price is $15.73 and its 200 day moving average price is $15.12. 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 cap of $1.30 billion, a PE ratio of -266.21 and a beta of 0.90. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $17.53.
NETSTREIT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.27%. NETSTREIT's dividend payout ratio (DPR) is currently -560.00%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on NTST shares. Raymond James reaffirmed a "strong-buy" rating on shares of NETSTREIT in a research report on Friday, May 23rd. Capital One Financial initiated coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating for the company. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target on the stock. Finally, 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 note on Thursday, April 3rd. One 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 a consensus price target of $18.16.
Check Out Our Latest Stock Analysis on NETSTREIT
About NETSTREIT
(
Free Report)
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.
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