Caxton Associates LLP Acquires Shares of 20,337 NETSTREIT Corp. $NTST

Key Points

• Caxton Associates LLP has made a new investment in NETSTREIT Corp., acquiring 20,337 shares worth approximately $322,000.
• NETSTREIT recently declared a quarterly dividend of $0.215 per share, an increase from the previous dividend of $0.21, representing a yield of 4.7%.
• Analyst ratings for NETSTREIT are favorable, with one strong buy, eight buy ratings, and a consensus target price of $19.92.

Caxton Associates LLP bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,337 shares of the company's stock, valued at approximately $322,000.

A number of other institutional investors have also made changes to their positions in the stock. Hohimer Wealth Management LLC grew its stake in shares of NETSTREIT by 6.2% during the first quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company's stock worth $183,000 after purchasing an additional 677 shares during the period. Amundi grew its stake in shares of NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company's stock worth $709,000 after purchasing an additional 704 shares during the period. Arizona State Retirement System grew its stake in shares of NETSTREIT by 4.2% during the first quarter. Arizona State Retirement System now owns 23,401 shares of the company's stock worth $371,000 after purchasing an additional 945 shares during the period. CWM LLC grew its stake in shares of NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after purchasing an additional 989 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of NETSTREIT by 4.4% during the first quarter. American Century Companies Inc. now owns 25,465 shares of the company's stock worth $404,000 after purchasing an additional 1,065 shares during the period.

NETSTREIT Stock Up 0.2%

NTST traded up $0.03 on Thursday, hitting $18.37. 1,197,552 shares of the company were exchanged, compared to its average volume of 1,058,570. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $19.18. The company has a market cap of $1.53 billion, a PE ratio of -229.63, a PEG ratio of 4.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. The stock's fifty day moving average is $18.26 and its 200-day moving average is $16.73.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.215 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from NETSTREIT's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 4.7%. NETSTREIT's dividend payout ratio is currently -1,075.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of NETSTREIT in a research note on Wednesday, August 27th. UBS Group boosted their target price on NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Raymond James Financial reissued a "strong-buy" rating and issued a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on NETSTREIT from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, Bank of America raised NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $18.00 to $19.00 in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $19.92.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer bought 5,600 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the acquisition, the chief executive officer owned 316,378 shares of the company's stock, valued at approximately $5,672,657.54. The trade was a 1.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.58% of the company's stock.

About NETSTREIT

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.