Two Sigma Investments LP decreased its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.
Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of NETSTREIT in the 4th quarter worth about $41,000. PNC Financial Services Group Inc. grew its holdings in NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after acquiring an additional 4,865 shares during the last quarter. Comerica Bank grew its holdings in NETSTREIT by 174.3% during the 4th 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 bought a new stake in NETSTREIT during the 4th quarter worth about $143,000. Finally, Prudent Man Advisors LLC bought a new stake in NETSTREIT during the 4th quarter worth about $143,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on NTST shares. Mizuho increased their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Capital One Financial started coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating on the stock. Raymond James reissued a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. Finally, Wells Fargo & Company started coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $18.16.
Get Our Latest Analysis on NETSTREIT
NETSTREIT Trading Down 1.2%
NETSTREIT stock traded down $0.19 during trading hours on Thursday, reaching $15.84. 81,369 shares of the company's stock traded hands, compared to its average volume of 939,401. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $17.53. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -264.14 and a beta of 0.90. The firm's 50 day moving average is $15.73 and its 200-day moving average is $15.12.
NETSTREIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given 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 5.30%. NETSTREIT's payout ratio is presently -560.00%.
Insider Buying and Selling at NETSTREIT
In other news, CEO Mark Manheimer purchased 6,384 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the transaction, the chief executive officer now directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 12,000 shares of company stock worth $183,172. Company insiders own 0.58% of the company's stock.
About NETSTREIT
(
Free Report)
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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