Two Sigma Advisers LP Buys 117,700 Shares of NETSTREIT Corp. (NYSE:NTST)

Two Sigma Advisers LP grew its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,500 shares of the company's stock after purchasing an additional 117,700 shares during the quarter. Two Sigma Advisers LP owned about 0.67% of NETSTREIT worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of 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 holdings 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 valued at $77,000 after acquiring an additional 4,865 shares during the last quarter. Comerica Bank raised its stake in shares of 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 in the last quarter. Prudent Man Advisors LLC acquired a new stake in NETSTREIT in the 4th quarter worth approximately $143,000. Finally, Mariner LLC bought a new stake in NETSTREIT during the fourth quarter worth approximately $143,000.

Analysts Set New Price Targets

NTST has been the topic of several analyst reports. Capital One Financial began coverage on NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Raymond James reiterated a "strong-buy" rating on shares of NETSTREIT in a report on Friday. Wells Fargo & Company began coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. 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 report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $18.16.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the acquisition, the chief executive officer now owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. The trade was a 2.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 12,000 shares of company stock valued at $183,172 in the last quarter. Corporate insiders own 0.58% of the company's stock.

NETSTREIT Stock Performance

NETSTREIT stock traded up $0.25 during mid-day trading on Tuesday, reaching $15.90. The company had a trading volume of 816,125 shares, compared to its average volume of 940,975. The company has a 50 day moving average of $15.69 and a 200-day moving average of $15.10. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $17.53. 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 firm has a market cap of $1.30 billion, a price-to-earnings ratio of -264.96 and a beta of 0.90.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.28%. NETSTREIT's dividend payout ratio is -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.