BNP Paribas Financial Markets Makes New Investment in NETSTREIT Corp. (NYSE:NTST)

BNP Paribas Financial Markets bought a new stake in NETSTREIT Corp. (NYSE:NTST - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 55,706 shares of the company's stock, valued at approximately $788,000. BNP Paribas Financial Markets owned approximately 0.07% of NETSTREIT at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position 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 valued at $77,000 after buying an additional 4,865 shares during the last quarter. Comerica Bank raised its holdings in NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after acquiring an additional 6,166 shares during the last quarter. Prudent Man Advisors LLC acquired a new position in NETSTREIT in the 4th quarter valued at $143,000. Mariner LLC purchased a new position in shares of NETSTREIT during the 4th quarter worth $143,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of NETSTREIT during the fourth quarter worth $152,000.

NETSTREIT Trading Up 1.6%

Shares of NYSE NTST traded up $0.25 during midday trading on Tuesday, hitting $15.90. The stock had a trading volume of 816,125 shares, compared to its average volume of 940,975. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $17.53. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -264.96 and a beta of 0.90. The company has a fifty day moving average price of $15.71 and a 200 day moving average price of $15.11.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 5.28%. NETSTREIT's dividend payout ratio (DPR) is -560.00%.

Insiders Place Their Bets

In related news, CEO Mark Manheimer acquired 6,384 shares of the business's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 12,000 shares of company stock worth $183,172 over the last ninety days. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Raymond James reiterated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday. Wells Fargo & Company started coverage on shares of NETSTREIT in a research note on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective for the company. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Mizuho boosted their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $18.16.

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.