NETSTREIT Corp. (NYSE:NTST) Stock Position Decreased by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of NETSTREIT Corp. (NYSE:NTST) by 49.1% in the fourth quarter, HoldingsChannel reports. The firm owned 14,774 shares of the company’s stock after selling 14,242 shares during the period. Stifel Financial Corp’s holdings in NETSTREIT were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of NETSTREIT by 19.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 21,377 shares of the company’s stock worth $302,000 after acquiring an additional 3,472 shares during the period. Lasalle Investment Management Securities LLC raised its holdings in shares of NETSTREIT by 30.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock valued at $48,807,000 after acquiring an additional 811,632 shares during the period. MetLife Investment Management LLC raised its holdings in shares of NETSTREIT by 8.8% during the fourth quarter. MetLife Investment Management LLC now owns 48,896 shares of the company’s stock valued at $692,000 after acquiring an additional 3,961 shares during the period. Mesirow Institutional Investment Management Inc. raised its holdings in shares of NETSTREIT by 68.2% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,059,811 shares of the company’s stock valued at $14,996,000 after acquiring an additional 429,882 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in NETSTREIT by 22.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 105,073 shares of the company’s stock valued at $1,486,000 after buying an additional 19,449 shares during the period.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 3,616 shares of the company’s stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $15.22 per share, for a total transaction of $55,035.52. Following the purchase, the chief executive officer now owns 295,252 shares in the company, valued at approximately $4,493,735.44. The trade was a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 12,000 shares of company stock worth $183,172 over the last ninety days. Insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on NTST shares. Mizuho boosted their target price on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. 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 report on Friday, January 17th. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a research note on Monday, April 7th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Capital One Financial started coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, NETSTREIT presently has an average rating of “Buy” and an average price target of $18.03.

NETSTREIT Trading Up 1.7%

NTST opened at $15.71 on Friday. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $17.99. The company has a 50-day simple moving average of $15.62 and a 200 day simple moving average of $15.11. 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 market capitalization of $1.28 billion, a price-to-earnings ratio of -261.79 and a beta of 0.90.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, June 2nd. NETSTREIT’s dividend payout ratio is currently -560.00%.

About NETSTREIT

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.