Vanguard Group Inc. Has $161.84 Million Stake in NETSTREIT Corp. $NTST

Vanguard Group Inc. increased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,961,288 shares of the company’s stock after purchasing an additional 646,153 shares during the period. Vanguard Group Inc. owned approximately 10.72% of NETSTREIT worth $161,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTST. Principal Financial Group Inc. boosted its position in shares of NETSTREIT by 11.9% in the third quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock valued at $161,783,000 after acquiring an additional 955,951 shares during the period. Lasalle Investment Management Securities LLC grew its position in shares of NETSTREIT by 13.8% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company’s stock worth $64,953,000 after purchasing an additional 464,980 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of NETSTREIT by 44.4% during the second quarter. Hudson Bay Capital Management LP now owns 2,807,797 shares of the company’s stock worth $47,536,000 after purchasing an additional 862,766 shares during the period. Alliancebernstein L.P. raised its position in shares of NETSTREIT by 10.2% in the second quarter. Alliancebernstein L.P. now owns 2,173,506 shares of the company’s stock valued at $36,797,000 after buying an additional 200,700 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in NETSTREIT by 92.6% during the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock worth $28,172,000 after buying an additional 749,811 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on NTST shares. Cantor Fitzgerald increased their target price on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Mizuho decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Truist Financial boosted their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Scotiabank raised their price objective on NETSTREIT from $21.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.83.

NETSTREIT Price Performance

Shares of NTST opened at $20.97 on Tuesday. The business has a 50-day simple moving average of $18.74 and a two-hundred day simple moving average of $18.42. NETSTREIT Corp. has a 12-month low of $14.00 and a 12-month high of $21.13. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The stock has a market cap of $2.04 billion, a PE ratio of 232.94, a PEG ratio of 3.24 and a beta of 0.86.

NETSTREIT (NYSE:NTST) last posted its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The business had revenue of $52.50 million for the quarter, compared to the consensus estimate of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. Analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio is 955.56%.

NETSTREIT Profile

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.