BNP Paribas Financial Markets acquired a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 55,706 shares of the company's stock, valued at approximately $788,000. BNP Paribas Financial Markets owned about 0.07% of NETSTREIT at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 4,865 shares in the last quarter. Comerica Bank lifted its holdings in shares of NETSTREIT by 174.3% during the 4th quarter. Comerica Bank now owns 9,703 shares of the company's stock valued at $137,000 after purchasing an additional 6,166 shares during the last quarter. Prudent Man Advisors LLC acquired a new stake in shares of NETSTREIT in the 4th quarter worth $143,000. Mariner LLC purchased a new position in NETSTREIT during the 4th quarter worth $143,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in NETSTREIT during the 4th quarter valued at about $152,000.
Insider Buying and Selling at NETSTREIT
In related news, CEO Mark Manheimer acquired 3,616 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $15.22 per share, with a total value of $55,035.52. Following the acquisition, the chief executive officer now directly owns 295,252 shares in the company, valued at $4,493,735.44. This represents a 1.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 12,000 shares of company stock worth $183,172. Company insiders own 0.58% of the company's stock.
Wall Street Analysts Forecast Growth
NTST has been the subject of a number of research analyst reports. Mizuho increased their price target on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Capital One Financial assumed coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $18.03.
Get Our Latest Stock Report on NTST
NETSTREIT Trading Down 2.2%
NETSTREIT stock opened at $15.59 on Thursday. The stock has a 50-day moving average price of $15.68 and a 200 day moving average price of $15.12. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -259.81 and a beta of 0.90. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $17.91. 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 Announces Dividend
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. This represents a $0.84 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Monday, June 2nd. NETSTREIT's dividend payout ratio is presently -560.00%.
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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