Mark Manheimer Acquires 3,616 Shares of NETSTREIT Corp. (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer acquired 3,616 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $15.22 per share, for a total transaction of $55,035.52. Following the acquisition, the chief executive officer now owns 295,252 shares in the company, valued at $4,493,735.44. The trade was a 1.24 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 10th, Mark Manheimer bought 6,384 shares of NETSTREIT stock. The stock was acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $14.95 on Thursday. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $18.97. The firm has a market capitalization of $1.22 billion, a PE ratio of -249.14 and a beta of 0.99. The business’s 50 day moving average is $14.38 and its 200-day moving average is $15.35. 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 Dividend Announcement

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 dividend of $0.21 per share. The ex-dividend date is Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.62%. NETSTREIT’s dividend payout ratio (DPR) is presently -525.00%.

Analysts Set New Price Targets

NTST has been the topic of a number of research analyst reports. Truist Financial lowered their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Capital One Financial initiated coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an “overweight” rating on the stock. Mizuho decreased their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Raymond James decreased their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. One 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $17.75.

Hedge Funds Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in shares of NETSTREIT during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. lifted its position in shares of NETSTREIT by 861.1% during 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 during the period. Comerica Bank lifted its position in shares of NETSTREIT by 174.3% during 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 during the period. Prudent Man Advisors LLC bought a new position in shares of NETSTREIT during the 4th quarter worth approximately $143,000. Finally, Mariner LLC bought a new position in shares of NETSTREIT during the 4th quarter worth approximately $143,000.

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.