NETSTREIT Corp. $NTST Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in shares of NETSTREIT Corp. (NYSE:NTST) by 115.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 166,885 shares of the company’s stock after acquiring an additional 89,278 shares during the period. NETSTREIT makes up approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 21st largest position. GSA Capital Partners LLP’s holdings in NETSTREIT were worth $3,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NTST. EverSource Wealth Advisors LLC raised its position in NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares during the last quarter. CWM LLC increased its position in NETSTREIT by 108.0% during the second quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after buying an additional 2,434 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of NETSTREIT in the second quarter valued at $185,000. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 7,737 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in shares of NETSTREIT during the 3rd quarter worth about $214,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NTST shares. Robert W. Baird boosted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Stifel Nicolaus lifted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a report on Monday, February 2nd. Truist Financial increased their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price objective on shares of NETSTREIT in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $20.21 on Tuesday. The business’s fifty day moving average price is $18.15 and its 200 day moving average price is $18.29. The stock has a market capitalization of $1.96 billion, a P/E ratio of 224.50 and a beta of 0.88. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. NETSTREIT Corp. has a twelve month low of $13.74 and a twelve month high of $20.25.

NETSTREIT (NYSE:NTST) last posted its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) 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 analyst estimates of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. As a group, research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.22 per share. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a yield of 4.4%. NETSTREIT’s dividend payout ratio is currently 955.56%.

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.