NETSTREIT Corp. (NYSE:NTST) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in shares of NETSTREIT Corp. (NYSE:NTST) by 48.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,150 shares of the company’s stock after selling 2,058 shares during the quarter. Signaturefd LLC’s holdings in NETSTREIT were worth $30,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NTST. Corient Private Wealth LLC acquired a new stake in shares of NETSTREIT during the fourth quarter worth about $563,000. Envestnet Portfolio Solutions Inc. purchased a new stake in NETSTREIT during the 4th quarter worth approximately $152,000. Natixis Advisors LLC lifted its holdings in NETSTREIT by 29.3% during the 4th quarter. Natixis Advisors LLC now owns 33,674 shares of the company’s stock worth $476,000 after buying an additional 7,623 shares in the last quarter. Swiss National Bank lifted its holdings in NETSTREIT by 5.7% during the 4th quarter. Swiss National Bank now owns 152,200 shares of the company’s stock worth $2,154,000 after buying an additional 8,200 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in NETSTREIT by 3.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company’s stock valued at $373,000 after buying an additional 789 shares during the period.

Insider Buying and Selling

In other news, CEO Mark Manheimer bought 6,384 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, with a total value of $97,866.72. Following the transaction, the chief executive officer now directly owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 12,000 shares of company stock worth $183,172 in the last ninety days. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NTST shares. Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Truist Financial reduced their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Mizuho decreased their price objective on 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 cut their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.75.

NETSTREIT Stock Performance

Shares of NTST opened at $15.29 on Wednesday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -254.79 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 quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $14.65 and a 200 day moving average price of $15.24.

NETSTREIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is -525.00%.

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.