EntryPoint Capital LLC Takes $207,000 Position in NETSTREIT Corp. (NYSE:NTST)

EntryPoint Capital LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTST) in the fourth quarter, HoldingsChannel reports. The firm bought 14,621 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock worth $67,924,000 after buying an additional 1,521,668 shares during the period. Tributary Capital Management LLC acquired a new position in NETSTREIT during the 4th quarter worth approximately $12,633,000. Sumitomo Mitsui Trust Group Inc. boosted its position in NETSTREIT by 36.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company’s stock worth $31,239,000 after acquiring an additional 592,439 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NETSTREIT by 765.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 635,707 shares of the company’s stock valued at $10,508,000 after purchasing an additional 562,273 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of NETSTREIT in the fourth quarter worth $6,714,000.

NETSTREIT Trading Up 1.7 %

NETSTREIT stock opened at $15.86 on Friday. The stock has a 50-day simple moving average of $14.72 and a 200 day simple moving average of $15.22. The stock has a market capitalization of $1.29 billion, a P/E ratio of -264.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.97.

NETSTREIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 5.30%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s payout ratio is presently -525.00%.

Analysts Set New Price Targets

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

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $15.33 per share, with a total value of $97,866.72. Following the completion of the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have acquired 12,000 shares of company stock worth $183,172. Company insiders own 0.46% of the company’s stock.

NETSTREIT Company 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.