Susquehanna Fundamental Investments LLC Takes $908,000 Position in NETSTREIT Corp. (NYSE:NTST)

Susquehanna Fundamental Investments LLC acquired a new position in NETSTREIT Corp. (NYSE:NTST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 64,139 shares of the company's stock, valued at approximately $908,000. Susquehanna Fundamental Investments LLC owned 0.08% of NETSTREIT as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its position in NETSTREIT by 861.1% during the fourth 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 period. Prudent Man Advisors LLC purchased a new stake in shares of NETSTREIT during the fourth quarter worth about $143,000. Mariner LLC acquired a new position in shares of NETSTREIT during the 4th quarter worth about $143,000. Envestnet Portfolio Solutions Inc. purchased a new position in NETSTREIT in the 4th quarter valued at about $152,000. Finally, Proficio Capital Partners LLC acquired a new stake in NETSTREIT in the 4th quarter worth about $179,000.

NETSTREIT Trading Up 0.2 %

Shares of NTST traded up $0.03 during mid-day trading on Monday, reaching $16.06. The stock had a trading volume of 644,014 shares, compared to its average volume of 920,754. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.10. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -267.59 and a beta of 0.90. The business's fifty day moving average is $15.49 and its 200 day moving average is $15.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11.

NETSTREIT Announces Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT's payout ratio is presently -560.00%.

Analyst Ratings Changes

NTST has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. Raymond James reduced their price objective on NETSTREIT from $19.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Friday, January 17th. Mizuho lifted their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Finally, Capital One Financial assumed coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an "overweight" rating for the company. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $18.03.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 304,572 shares in the company, 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 filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have acquired 12,000 shares of company stock worth $183,172. Insiders own 0.58% of the company's stock.

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.