2,958 Shares in NETSTREIT Corp. (NYSE:NTST) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in NETSTREIT Corp. (NYSE:NTST) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,958 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of NETSTREIT by 216.9% in the 3rd quarter. Barclays PLC now owns 123,066 shares of the company’s stock valued at $2,033,000 after acquiring an additional 84,226 shares in the last quarter. SG Americas Securities LLC raised its stake in NETSTREIT by 12.9% in the fourth quarter. SG Americas Securities LLC now owns 37,604 shares of the company’s stock valued at $532,000 after purchasing an additional 4,284 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in NETSTREIT during the fourth quarter valued at approximately $198,000. Custom Index Systems LLC lifted its position in NETSTREIT by 30.1% during the fourth quarter. Custom Index Systems LLC now owns 13,363 shares of the company’s stock valued at $189,000 after purchasing an additional 3,090 shares during the last quarter. Finally, abrdn plc grew its stake in NETSTREIT by 30.6% in the 4th quarter. abrdn plc now owns 20,025 shares of the company’s stock worth $279,000 after buying an additional 4,694 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Raymond James restated a “strong-buy” rating on shares of NETSTREIT in a research report on Friday. Mizuho raised their price target on NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Capital One Financial began coverage on NETSTREIT in a report on Wednesday, February 12th. They issued an “overweight” rating for the company. Finally, Wells Fargo & Company assumed coverage on NETSTREIT in a research report on Monday, April 7th. They set an “overweight” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, NETSTREIT has a consensus rating of “Buy” and a consensus price target of $18.16.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer bought 3,616 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $15.22 per share, with a total value of $55,035.52. Following the completion of the purchase, the chief executive officer now directly owns 295,252 shares of the company’s stock, valued at $4,493,735.44. This trade represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 12,000 shares of company stock valued at $183,172 over the last three months. 0.58% of the stock is owned by company insiders.

NETSTREIT Price Performance

NTST opened at $15.63 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The stock’s 50 day simple moving average is $15.69 and its 200 day simple moving average is $15.10. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -260.51 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $17.53.

NETSTREIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Monday, June 2nd. NETSTREIT’s dividend payout ratio is -560.00%.

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.