NETSTREIT Corp. (NYSE:NTST) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 57.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,638 shares of the company's stock after selling 35,084 shares during the quarter. Squarepoint Ops LLC's holdings in NETSTREIT were worth $363,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Two Sigma Advisers LP raised its stake in NETSTREIT by 27.6% during the fourth quarter. Two Sigma Advisers LP now owns 543,500 shares of the company's stock worth $7,691,000 after purchasing an additional 117,700 shares during the period. Toronto Dominion Bank purchased a new position in NETSTREIT during the fourth quarter worth approximately $354,000. Nuveen Asset Management LLC raised its stake in NETSTREIT by 19.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,155,193 shares of the company's stock worth $30,496,000 after purchasing an additional 357,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NETSTREIT by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,256 shares of the company's stock worth $626,000 after purchasing an additional 1,678 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in NETSTREIT during the 4th quarter worth $41,000.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Capital One Financial assumed coverage on NETSTREIT in a research report on Wednesday, February 12th. They issued an "overweight" rating on the stock. Mizuho raised their price objective on 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 NETSTREIT in a research report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. Finally, Raymond James reissued a "strong-buy" rating on shares of NETSTREIT in a research report on Friday, May 23rd. 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. According to MarketBeat.com, NETSTREIT has an average rating of "Buy" and an average target price of $18.16.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is owned by insiders.

NETSTREIT Trading Down 0.1%

NYSE:NTST opened at $16.17 on Friday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -269.37 and a beta of 0.88. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $17.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The business's 50-day simple moving average is $15.79 and its 200 day simple moving average is $15.13.

NETSTREIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid 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 5.20%. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

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.

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