Insider Buying: NETSTREIT Corp. (NYSE:NTST) CFO Buys $15,270.00 in Stock

NETSTREIT Corp. (NYSE:NTST) CFO Daniel P. Donlan bought 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $15.27 per share, with a total value of $15,270.00. Following the completion of the purchase, the chief financial officer now directly owns 15,890 shares in the company, valued at $242,640.30. This trade represents a 6.72 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NETSTREIT Stock Up 0.6 %

Shares of NETSTREIT stock opened at $15.01 on Friday. The company has a fifty day moving average price of $14.40 and a 200 day moving average price of $15.34. 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 twelve month low of $13.42 and a twelve month high of $18.97. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -250.06 and a beta of 0.99.

NETSTREIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.60%. NETSTREIT’s dividend payout ratio (DPR) is -525.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NTST. Capital One Financial began coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating for the company. Truist Financial lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Mizuho lowered their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Raymond James lowered their price objective 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $17.75.

Hedge Funds Weigh In On NETSTREIT

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in NETSTREIT in the 4th quarter worth $41,000. PNC Financial Services Group Inc. lifted its holdings in NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after buying an additional 4,865 shares in the last quarter. Comerica Bank lifted its holdings in NETSTREIT by 174.3% in the 4th quarter. Comerica Bank now owns 9,703 shares of the company’s stock worth $137,000 after buying an additional 6,166 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in NETSTREIT in the 3rd quarter worth $166,000. Finally, Mariner LLC acquired a new stake in shares of NETSTREIT in the 4th quarter valued at about $143,000.

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.