Schonfeld Strategic Advisors LLC lowered its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 19.0% 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 822,646 shares of the company's stock after selling 193,454 shares during the period. Schonfeld Strategic Advisors LLC owned about 1.01% of NETSTREIT worth $11,640,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of NETSTREIT by 3.3% during the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company's stock worth $345,000 after buying an additional 781 shares during the last quarter. Daiwa Securities Group Inc. increased its position in NETSTREIT by 3.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company's stock worth $373,000 after buying an additional 789 shares during the period. Carmel Capital Partners LLC lifted its holdings in shares of NETSTREIT by 4.7% during the fourth quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company's stock worth $370,000 after buying an additional 1,174 shares in the last quarter. Arizona State Retirement System increased its position in NETSTREIT by 6.3% during the fourth quarter. Arizona State Retirement System now owns 22,456 shares of the company's stock worth $318,000 after acquiring an additional 1,331 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of NETSTREIT by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 14,729 shares of the company's stock valued at $208,000 after buying an additional 1,366 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NTST shares. Capital One Financial assumed coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating on the stock. Wells Fargo & Company initiated coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective for the company. Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a report on Friday, January 17th. Finally, Mizuho upped 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. 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. Based on data from MarketBeat.com, NETSTREIT presently has an average rating of "Buy" and an average target price of $18.03.
Check Out Our Latest Stock Analysis on NETSTREIT
Insider Activity at NETSTREIT
In related news, CEO Mark Manheimer purchased 6,384 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now directly owns 304,572 shares in the company, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 12,000 shares of company stock valued at $183,172. 0.58% of the stock is owned by insiders.
NETSTREIT Stock Up 0.6 %
NTST traded up $0.10 during mid-day trading on Tuesday, reaching $16.19. 120,619 shares of the stock were exchanged, compared to its average volume of 917,602. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.10. 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 $1.32 billion, a PE ratio of -269.79 and a beta of 0.90. The company has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $15.10.
NETSTREIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.21 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.84 annualized dividend and a yield of 5.19%. NETSTREIT's dividend payout ratio (DPR) is -560.00%.
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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