Charles Schwab Investment Management Inc. Acquires 55,378 Shares of NETSTREIT Corp. (NYSE:NTST)

Charles Schwab Investment Management Inc. increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,133,552 shares of the company’s stock after purchasing an additional 55,378 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.39% of NETSTREIT worth $16,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT in the third quarter worth about $166,000. Prudent Man Advisors LLC bought a new stake in NETSTREIT during the 4th quarter valued at approximately $143,000. Sanctuary Advisors LLC bought a new stake in NETSTREIT during the 3rd quarter valued at approximately $169,000. Infrastructure Capital Advisors LLC bought a new stake in NETSTREIT during the 3rd quarter valued at approximately $177,000. Finally, Proficio Capital Partners LLC bought a new stake in NETSTREIT during the 4th quarter valued at approximately $179,000.

Analysts Set New Price Targets

Several analysts have weighed in on NTST shares. Mizuho cut their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Capital One Financial began coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an “overweight” rating for the company. Raymond James lowered their target price 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. Finally, Truist Financial lowered their target price 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. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $17.75.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $15.34 on Friday. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $18.97. The firm has a market cap of $1.25 billion, a P/E ratio of -255.54 and a beta of 0.99. The company has a 50 day moving average of $14.56 and a 200 day moving average of $15.29. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a yield of 5.48%. NETSTREIT’s payout ratio is currently -525.00%.

Insider Buying and Selling

In related news, CEO Mark Manheimer bought 6,384 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $15.33 per share, for a total transaction of $97,866.72. Following the purchase, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This represents a 2.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 12,000 shares of company stock worth $183,172 in the last three months. 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.