Insider Buying: NETSTREIT Corp. (NYSE:NTST) CEO Acquires 6,384 Shares of Stock

NETSTREIT Corp. (NYSE:NTSTGet Free Report) CEO Mark Manheimer acquired 6,384 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $15.33 per share, with a total value of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Manheimer also recently made the following trade(s):

  • On Friday, March 7th, Mark Manheimer bought 3,616 shares of NETSTREIT stock. The stock was acquired at an average cost of $15.22 per share, with a total value of $55,035.52.

NETSTREIT Trading Up 0.6 %

Shares of NETSTREIT stock opened at $15.01 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of -250.06 and a beta of 0.99. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97. 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’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $15.34.

NETSTREIT Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho cut their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Truist Financial cut their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Raymond James reduced 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 report on Friday, January 17th. Finally, Capital One Financial started coverage on shares of NETSTREIT in a research 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 given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NETSTREIT currently has a consensus rating of “Buy” and a consensus price target of $17.75.

View Our Latest Research Report on NETSTREIT

Institutional Trading of NETSTREIT

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in NETSTREIT by 18.5% during the 3rd quarter. Van ECK Associates Corp now owns 13,363 shares of the company’s stock valued at $214,000 after acquiring an additional 2,083 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of NETSTREIT by 6.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 115,660 shares of the company’s stock valued at $1,912,000 after purchasing an additional 6,690 shares during the period. GSA Capital Partners LLP lifted its holdings in NETSTREIT by 107.8% during the 3rd quarter. GSA Capital Partners LLP now owns 149,651 shares of the company’s stock worth $2,474,000 after purchasing an additional 77,647 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in NETSTREIT by 1,931.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in NETSTREIT in the 3rd quarter worth about $546,000.

NETSTREIT Company Profile

(Get 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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