NETSTREIT Corp. $NTST Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 19.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,162 shares of the company’s stock after selling 3,266 shares during the quarter. IFM Investors Pty Ltd’s holdings in NETSTREIT were worth $223,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its holdings in NETSTREIT by 126.3% in the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the period. CWM LLC lifted its holdings in NETSTREIT by 78.2% in the first quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after purchasing an additional 989 shares during the period. Lazard Asset Management LLC acquired a new stake in NETSTREIT in the fourth quarter worth about $41,000. State of Wyoming acquired a new stake in NETSTREIT in the first quarter worth about $58,000. Finally, GAMMA Investing LLC lifted its holdings in NETSTREIT by 2,779.7% in the first quarter. GAMMA Investing LLC now owns 7,228 shares of the company’s stock worth $115,000 after purchasing an additional 6,977 shares during the period.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 5,600 shares of NETSTREIT stock in a transaction dated Friday, September 5th. The stock was bought at an average cost of $17.93 per share, with a total value of $100,408.00. Following the completion of the transaction, the chief executive officer owned 316,378 shares of the company’s stock, valued at $5,672,657.54. The trade was a 1.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

NETSTREIT Stock Down 0.1%

Shares of NETSTREIT stock opened at $17.80 on Wednesday. The stock has a market capitalization of $1.49 billion, a P/E ratio of -222.51, a PEG ratio of 4.08 and a beta of 0.89. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $18.29 and a two-hundred day moving average price of $16.80. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $19.18.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from NETSTREIT’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 4.8%. NETSTREIT’s dividend payout ratio (DPR) is currently -1,075.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Bank of America raised shares of NETSTREIT from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $19.00 in a report on Monday, July 28th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 price objective on shares of NETSTREIT in a report on Wednesday, July 30th. UBS Group upped their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NETSTREIT has a consensus rating of “Buy” and an average target price of $19.92.

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.