NETSTREIT Corp. (NYSE:NTST) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lowered its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 971,325 shares of the company's stock after selling 114,048 shares during the period. Silvercrest Asset Management Group LLC owned 1.19% of NETSTREIT worth $13,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of NETSTREIT during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 4,865 shares during the period. Comerica Bank grew its position in shares of NETSTREIT by 174.3% during the fourth quarter. Comerica Bank now owns 9,703 shares of the company's stock worth $137,000 after acquiring an additional 6,166 shares during the last quarter. Mariner LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at $143,000. Finally, Prudent Man Advisors LLC acquired a new stake in NETSTREIT during the 4th quarter worth $143,000.

Insider Activity

In other news, CEO Mark Manheimer bought 3,616 shares of the stock in a transaction on Friday, March 7th. The shares were bought at an average price of $15.22 per share, with a total value of $55,035.52. Following the completion of the acquisition, the chief executive officer now owns 295,252 shares of the company's stock, valued at approximately $4,493,735.44. This trade represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 12,000 shares of company stock worth $183,172 in the last 90 days. 0.58% of the stock is currently owned by corporate insiders.

NETSTREIT Price Performance

Shares of NETSTREIT stock traded up $0.08 during trading on Friday, reaching $15.56. The company's stock had a trading volume of 97,491 shares, compared to its average volume of 903,471. The business has a 50 day moving average price of $15.68 and a 200-day moving average price of $15.12. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $17.53. The company has a market capitalization of $1.27 billion, a P/E ratio of -259.29 and a beta of 0.90. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.40%. NETSTREIT's dividend payout ratio (DPR) is presently -560.00%.

Analysts Set New Price Targets

NTST has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. Capital One Financial initiated coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating for the company. Raymond James lifted their target price on NETSTREIT from $17.00 to $18.00 and gave the company a "strong-buy" rating in a research note on Friday. Finally, Mizuho upped their price target on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NETSTREIT currently has an average rating of "Buy" and a consensus price target 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.