Mesirow Institutional Investment Management Inc. Acquires 429,882 Shares of NETSTREIT Corp. (NYSE:NTST)

Mesirow Institutional Investment Management Inc. raised its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 68.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,059,811 shares of the company's stock after purchasing an additional 429,882 shares during the period. Mesirow Institutional Investment Management Inc. owned 1.30% of NETSTREIT worth $14,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake 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 worth $77,000 after purchasing an additional 4,865 shares in the last quarter. Prudent Man Advisors LLC acquired a new position in NETSTREIT during the fourth quarter worth approximately $143,000. Mariner LLC purchased a new position in shares of NETSTREIT in the 4th quarter worth $143,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of NETSTREIT during the 4th quarter worth about $152,000. Finally, Sanctuary Advisors LLC acquired a new position in NETSTREIT during the third quarter valued at approximately $169,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTST. Wells Fargo & Company assumed coverage on NETSTREIT in a report on Monday, April 7th. They issued an "overweight" rating and a $18.00 price target for the company. Raymond James dropped their price target on shares of NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. Capital One Financial began coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an "overweight" rating on the stock. Finally, Mizuho raised their price objective on NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $18.03.

NETSTREIT Stock Performance

NTST stock traded down $0.01 during midday trading on Friday, hitting $15.60. The stock had a trading volume of 198,752 shares, compared to its average volume of 916,677. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -259.51 and a beta of 0.91. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.10. The stock has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $15.12.

NETSTREIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT's dividend payout ratio (DPR) is currently -525.00%.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer purchased 6,384 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares of the company's stock, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 12,000 shares of company stock valued at $183,172 in the last ninety days. 0.58% of the stock is owned by insiders.

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.