Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $356,000 Stock Holdings in NETSTREIT Corp. (NYSE:NTST)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 86.3% during the 4th quarter, Holdings Channel reports. The firm owned 25,147 shares of the company’s stock after buying an additional 11,647 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NETSTREIT were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after purchasing an additional 4,865 shares during the last quarter. Prudent Man Advisors LLC bought a new stake in NETSTREIT in the fourth quarter valued at approximately $143,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of NETSTREIT in the fourth quarter valued at approximately $152,000. Hohimer Wealth Management LLC bought a new position in shares of NETSTREIT during the 3rd quarter worth approximately $166,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of NETSTREIT during the 3rd quarter worth approximately $169,000.

Insiders Place Their Bets

In related news, CEO Mark Manheimer bought 6,384 shares of NETSTREIT stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $15.33 per share, with a total value of $97,866.72. Following the acquisition, the chief executive officer now owns 304,572 shares in the company, valued at $4,669,088.76. This trade represents a 2.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 12,000 shares of company stock worth $183,172 in the last 90 days. Company insiders own 0.46% of the company’s stock.

NETSTREIT Stock Performance

NYSE NTST opened at $15.60 on Friday. The firm has a 50-day moving average price of $14.69 and a two-hundred day moving average price of $15.24. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. The company has a market capitalization of $1.27 billion, a P/E ratio of -259.87 and a beta of 0.99. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

NETSTREIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Friday, March 14th. NETSTREIT’s dividend payout ratio is currently -525.00%.

Analysts Set New Price Targets

A number of research firms have commented on NTST. Capital One Financial started coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. Raymond James decreased their price target 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. Mizuho cut their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their target price on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $17.75.

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.