Proficio Capital Partners LLC Invests $179,000 in NETSTREIT Corp. (NYSE:NTST)

Proficio Capital Partners LLC acquired a new stake in NETSTREIT Corp. (NYSE:NTST) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,664 shares of the company’s stock, valued at approximately $179,000.

Several other institutional investors have also bought and sold shares of NTST. Prudent Man Advisors LLC bought a new stake in shares of NETSTREIT in the fourth quarter valued at $143,000. Hohimer Wealth Management LLC bought a new stake in NETSTREIT in the 3rd quarter valued at about $166,000. Sanctuary Advisors LLC bought a new stake in NETSTREIT in the 3rd quarter valued at about $169,000. Infrastructure Capital Advisors LLC purchased a new stake in NETSTREIT during the third quarter valued at about $177,000. Finally, Custom Index Systems LLC boosted its position in NETSTREIT by 30.1% during the fourth quarter. Custom Index Systems LLC now owns 13,363 shares of the company’s stock worth $189,000 after purchasing an additional 3,090 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NTST shares. Mizuho lowered their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Raymond James lowered their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. Truist Financial dropped 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. Finally, Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NETSTREIT has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Trading Up 1.7 %

Shares of NTST stock opened at $15.60 on Friday. The company has a market capitalization of $1.27 billion, a PE ratio of -259.87 and a beta of 0.99. NETSTREIT Corp. has a 52-week low of $13.42 and a 52-week high of $18.97. The business’s fifty day moving average is $14.69 and its 200 day moving average is $15.24. 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 Announces Dividend

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

Insider Activity

In related news, CEO Mark Manheimer acquired 6,384 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was 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 of the company’s stock, valued at approximately $4,669,088.76. The trade was a 2.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 12,000 shares of company stock worth $183,172. 0.46% of the stock is currently owned by insiders.

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.