TT Capital Management LLC Invests $1.70 Million in NETSTREIT Corp. $NTST

TT Capital Management LLC bought a new stake in shares of NETSTREIT Corp. (NYSE:NTST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 105,654 shares of the company’s stock, valued at approximately $1,696,000. TT Capital Management LLC owned about 0.13% of NETSTREIT as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of NTST. EverSource Wealth Advisors LLC raised its stake in shares of 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 period. State of Wyoming bought a new position in NETSTREIT during the 1st quarter valued at about $58,000. CWM LLC raised its position in 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 bought a new stake in NETSTREIT in the second quarter worth about $185,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of NETSTREIT by 183.3% during the second quarter. Tower Research Capital LLC TRC now owns 11,957 shares of the company’s stock valued at $202,000 after buying an additional 7,737 shares during the period.

NETSTREIT Price Performance

Shares of NTST stock opened at $17.64 on Friday. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $19.64. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $18.37 and a two-hundred day simple moving average of $17.90. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -1,763,500.00, a P/E/G ratio of 3.76 and a beta of 0.90.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data 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 the consensus estimate 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. On average, analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTST. Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a report on Wednesday, August 27th. Wells Fargo & Company upped their price objective on NETSTREIT from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 8th. Truist Financial raised their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, Berenberg Bank initiated coverage on shares of NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. 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 stock. Based on data from MarketBeat.com, NETSTREIT has an average rating of “Moderate Buy” and an average price target of $20.55.

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.