Evoke Wealth LLC Invests $354,000 in NETSTREIT Corp. (NYSE:NTST)

Evoke Wealth LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTSTFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,817 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in NETSTREIT by 702.3% during the fourth quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock worth $61,000 after acquiring an additional 3,013 shares during the period. Hsbc Holdings PLC grew its holdings in NETSTREIT by 20.4% during the fourth quarter. Hsbc Holdings PLC now owns 37,417 shares of the company’s stock worth $668,000 after acquiring an additional 6,330 shares during the period. Aigen Investment Management LP grew its holdings in NETSTREIT by 150.7% in the fourth quarter. Aigen Investment Management LP now owns 66,734 shares of the company’s stock valued at $1,191,000 after purchasing an additional 40,119 shares during the period. Franklin Resources Inc. grew its holdings in NETSTREIT by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 386,569 shares of the company’s stock valued at $6,900,000 after purchasing an additional 58,454 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in NETSTREIT by 5.6% in the fourth quarter. Corient Private Wealth LLC now owns 69,045 shares of the company’s stock valued at $1,232,000 after purchasing an additional 3,682 shares during the period.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, Director Todd Minnis sold 6,250 shares of NETSTREIT stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $17.86, for a total value of $111,625.00. Following the sale, the director now owns 10,359 shares in the company, valued at $185,011.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $17.35 on Monday. NETSTREIT Corp. has a one year low of $13.49 and a one year high of $18.97. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 192.80, a PEG ratio of 10.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.30. The business’s 50 day moving average price is $17.40 and its 200 day moving average price is $17.36.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a $0.205 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.73%. NETSTREIT’s dividend payout ratio is currently 911.21%.

Analyst Ratings Changes

Several brokerages have commented on NTST. Mizuho raised their price objective on NETSTREIT from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Scotiabank raised their price objective on NETSTREIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.09.

Check Out Our Latest Stock Report on NETSTREIT

About NETSTREIT

(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.

Further Reading

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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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