NETSTREIT Corp. $NTST Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 38.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,555 shares of the company’s stock after purchasing an additional 59,198 shares during the quarter. Quantbot Technologies LP’s holdings in NETSTREIT were worth $3,615,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of NETSTREIT during the first quarter worth about $58,000. CWM LLC lifted its stake in NETSTREIT by 108.0% in the second quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after acquiring an additional 2,434 shares during the last quarter. Prudent Man Advisors LLC lifted its stake in NETSTREIT by 25.9% in the second quarter. Prudent Man Advisors LLC now owns 12,737 shares of the company’s stock worth $216,000 after acquiring an additional 2,619 shares during the last quarter. Entropy Technologies LP acquired a new position in NETSTREIT during the 2nd quarter worth approximately $216,000. Finally, Aigen Investment Management LP increased its position in shares of NETSTREIT by 39.2% in the 1st quarter. Aigen Investment Management LP now owns 14,288 shares of the company’s stock valued at $226,000 after purchasing an additional 4,022 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research report on Monday. Truist Financial raised their price target on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research report on Wednesday, August 27th. Robert W. Baird increased their price objective on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Mizuho raised their target price on NETSTREIT from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.55.

NETSTREIT Stock Performance

NYSE NTST opened at $17.55 on Friday. The company has a fifty day moving average of $18.45 and a two-hundred day moving average of $17.81. The company has a market capitalization of $1.47 billion, a PE ratio of -1,754,500.00, a P/E/G ratio of 3.75 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

NETSTREIT (NYSE:NTST) last posted its earnings results on Monday, October 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.32). The firm had revenue of $48.31 million during the quarter, compared to analysts’ expectations of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. As a group, analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st.

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.