Two Sigma Investments LP Sells 269,045 Shares of NETSTREIT Corp. (NYSE:NTST)

Two Sigma Investments LP reduced its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 953,184 shares of the company's stock after selling 269,045 shares during the quarter. Two Sigma Investments LP owned 1.17% of NETSTREIT worth $13,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC purchased a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. boosted its stake in 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 purchasing an additional 4,865 shares during the last quarter. Comerica Bank boosted its stake in 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 bought a new stake in shares of NETSTREIT in the 4th quarter worth $143,000. Finally, Mariner LLC purchased a new position in shares of NETSTREIT in the fourth quarter worth $143,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NTST shares. Mizuho boosted their target price on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. Capital One Financial assumed coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an "overweight" rating on the stock. Finally, Raymond James restated a "strong-buy" rating on shares of NETSTREIT in a report on Friday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $18.16.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $15.33 per share, with a total value of $97,866.72. Following the completion of the purchase, the chief executive officer now directly owns 304,572 shares of the company's stock, valued at $4,669,088.76. This represents a 2.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have purchased 12,000 shares of company stock worth $183,172. Corporate insiders own 0.58% of the company's stock.

NETSTREIT Stock Performance

Shares of NETSTREIT stock traded up $0.25 on Tuesday, hitting $15.90. 816,125 shares of the company's stock were exchanged, compared to its average volume of 940,975. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $17.53. The company has a 50-day simple moving average of $15.69 and a 200-day simple moving average of $15.10. 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 stock has a market capitalization of $1.30 billion, a PE ratio of -264.96 and a beta of 0.90.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given 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 (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.