New Age Alpha Advisors LLC Invests $883,000 in NETSTREIT Corp. (NYSE:NTST)

New Age Alpha Advisors LLC acquired a new stake in NETSTREIT Corp. (NYSE:NTST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,393 shares of the company’s stock, valued at approximately $883,000. New Age Alpha Advisors LLC owned 0.08% of NETSTREIT as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after buying an additional 4,865 shares during the period. Prudent Man Advisors LLC acquired a new stake in NETSTREIT in the fourth quarter valued at $143,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of NETSTREIT during the 4th quarter worth $152,000. Hohimer Wealth Management LLC acquired a new position in shares of NETSTREIT during the 3rd quarter worth $166,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of NETSTREIT in the 3rd quarter valued at about $169,000.

NETSTREIT Trading Up 0.4 %

Shares of NETSTREIT stock opened at $15.91 on Tuesday. The business has a 50 day moving average price of $14.75 and a 200 day moving average price of $15.20. The company has a market capitalization of $1.30 billion, a P/E ratio of -265.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $18.97.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.28%. NETSTREIT’s dividend payout ratio is currently -525.00%.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research analyst reports. Truist Financial decreased their price objective 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. Mizuho decreased their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Raymond James dropped their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Finally, Capital One Financial started coverage on NETSTREIT in a report on Wednesday, February 12th. They set an “overweight” rating for the company. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $17.75.

Insider Activity at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer purchased 6,384 shares of NETSTREIT stock in a transaction on Monday, March 10th. The shares were bought 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 directly owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 12,000 shares of company stock valued at $183,172 over the last quarter. Insiders own 0.46% of the company’s stock.

NETSTREIT 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.