NETSTREIT Corp. $NTST Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in NETSTREIT Corp. (NYSE:NTST) by 27.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 156,513 shares of the company’s stock after selling 60,250 shares during the quarter. Thrivent Financial for Lutherans owned about 0.19% of NETSTREIT worth $2,827,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after acquiring an additional 1,640 shares during the last quarter. CWM LLC raised its holdings in shares of NETSTREIT by 108.0% in the 2nd quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after purchasing an additional 2,434 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of NETSTREIT during the 2nd quarter worth about $185,000. Tower Research Capital LLC TRC increased its position in NETSTREIT by 183.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,957 shares of the company’s stock worth $202,000 after purchasing an additional 7,737 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new position in NETSTREIT in the third quarter valued at approximately $214,000.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research reports. Truist Financial raised their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Robert W. Baird upped their price target on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a research report on Monday, February 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of NETSTREIT in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.45.

NETSTREIT Price Performance

NTST opened at $19.04 on Tuesday. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $17.92 and its 200 day moving average price is $18.25. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -1,903,500.00, a price-to-earnings-growth ratio of 3.90 and a beta of 0.88. NETSTREIT Corp. has a fifty-two week low of $13.74 and a fifty-two week high of $19.65.

About NETSTREIT

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.