T. Rowe Price Investment Management Inc. Has $96.70 Million Stock Position in NETSTREIT Corp. (NYSE:NTST)

T. Rowe Price Investment Management Inc. increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,834,118 shares of the company’s stock after buying an additional 354,973 shares during the quarter. T. Rowe Price Investment Management Inc. owned 8.38% of NETSTREIT worth $96,703,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after acquiring an additional 4,865 shares during the last quarter. Prudent Man Advisors LLC acquired a new position in NETSTREIT during the 4th quarter worth approximately $143,000. Mariner LLC bought a new position in NETSTREIT in the 4th quarter valued at approximately $143,000. Envestnet Portfolio Solutions Inc. acquired a new stake in NETSTREIT in the fourth quarter valued at approximately $152,000. Finally, Sanctuary Advisors LLC acquired a new stake in NETSTREIT in the third quarter valued at approximately $169,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Capital One Financial started coverage on NETSTREIT in a research note on Wednesday, February 12th. They issued an “overweight” rating for the company. Mizuho lifted their price target on NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Wells Fargo & Company initiated coverage on NETSTREIT in a report on Monday, April 7th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, Raymond James dropped their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.03.

Insiders Place Their Bets

In other NETSTREIT news, CEO Mark Manheimer bought 6,384 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the transaction, the chief executive officer now directly owns 304,572 shares in the company, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 12,000 shares of company stock worth $183,172. Company insiders own 0.58% of the company’s stock.

NETSTREIT Trading Down 2.6 %

NYSE:NTST opened at $15.60 on Friday. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.10. 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 firm’s fifty day moving average is $15.25 and its 200-day moving average is $15.12. The firm has a market cap of $1.27 billion, a P/E ratio of -259.96 and a beta of 0.91.

NETSTREIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.38%. NETSTREIT’s dividend payout ratio (DPR) is currently -525.00%.

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.