16,678 Shares in NETSTREIT Corp. (NYSE:NTST) Purchased by LPL Financial LLC

LPL Financial LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,678 shares of the company's stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Swiss National Bank lifted its stake in NETSTREIT by 5.7% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the company's stock valued at $2,154,000 after acquiring an additional 8,200 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of NETSTREIT in the fourth quarter worth $6,714,000. JPMorgan Chase & Co. boosted its holdings in NETSTREIT by 173.9% during the third quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company's stock worth $9,414,000 after purchasing an additional 361,577 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in NETSTREIT by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock valued at $16,040,000 after purchasing an additional 55,378 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NETSTREIT by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 346,688 shares of the company's stock worth $4,906,000 after buying an additional 24,442 shares in the last quarter.

Insider Activity at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 3,616 shares of the company's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $15.22 per share, with a total value of $55,035.52. Following the completion of the purchase, the chief executive officer now owns 295,252 shares of the company's stock, valued at approximately $4,493,735.44. This represents a 1.24 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 12,000 shares of company stock valued at $183,172 in the last three months. Corporate insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

NTST has been the topic of several analyst reports. Mizuho increased their price target 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 began coverage on NETSTREIT in a research note on Monday, April 7th. They issued an "overweight" rating and a $18.00 price objective on the stock. Raymond James decreased their target price on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Friday, January 17th. Finally, Capital One Financial assumed coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They issued an "overweight" rating on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $18.03.

NETSTREIT Trading Down 0.3 %

Shares of NTST traded down $0.05 during trading hours on Monday, hitting $15.99. 16,459 shares of the stock were exchanged, compared to its average volume of 918,310. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The business has a 50-day moving average of $15.46 and a 200-day moving average of $15.11. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $18.10. The firm has a market capitalization of $1.31 billion, a P/E ratio of -266.37 and a beta of 0.90.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 5.25%. 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.