NETSTREIT Corp. (NYSE:NTST) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 30.5% in the fourth quarter, HoldingsChannel reports. The firm owned 100,699 shares of the company’s stock after selling 44,251 shares during the quarter. Quantbot Technologies LP’s holdings in NETSTREIT were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in 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 last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of NETSTREIT in the third quarter worth about $166,000. Prudent Man Advisors LLC acquired a new stake in NETSTREIT during the fourth quarter worth about $143,000. Sanctuary Advisors LLC purchased a new position in NETSTREIT during the third quarter valued at approximately $169,000. Finally, Infrastructure Capital Advisors LLC acquired a new position in NETSTREIT in the third quarter valued at approximately $177,000.

NETSTREIT Stock Up 1.6 %

Shares of NTST opened at $15.27 on Tuesday. The stock has a 50 day moving average price of $14.62 and a 200 day moving average price of $15.25. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -254.37 and a beta of 0.99.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s payout ratio is -525.00%.

Analysts Set New Price Targets

NTST has been the topic of a number of analyst reports. Raymond James dropped their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Truist Financial cut their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Capital One Financial initiated coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Mizuho cut their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Insider Activity

In related news, CEO Mark Manheimer purchased 3,616 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $15.22 per share, with a total value of $55,035.52. Following the completion of the acquisition, the chief executive officer now owns 295,252 shares in the company, valued at $4,493,735.44. This trade represents a 1.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired 12,000 shares of company stock worth $183,172 over the last three months. Insiders own 0.46% of the company’s stock.

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.