Presima Securities ULC Trims Stock Position in NETSTREIT Corp. $NTST

Presima Securities ULC trimmed its stake in NETSTREIT Corp. (NYSE:NTST) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,213 shares of the company’s stock after selling 62,857 shares during the period. NETSTREIT makes up 3.0% of Presima Securities ULC’s investment portfolio, making the stock its 16th largest holding. Presima Securities ULC owned about 0.72% of NETSTREIT worth $10,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTST. Amundi lifted its stake in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after buying an additional 704 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of NETSTREIT by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock valued at $487,000 after buying an additional 945 shares in the last quarter. Alps Advisors Inc. raised its position in NETSTREIT by 9.5% in the third quarter. Alps Advisors Inc. now owns 17,061 shares of the company’s stock worth $308,000 after acquiring an additional 1,486 shares in the last quarter. CWM LLC lifted its holdings in NETSTREIT by 33.0% in the third quarter. CWM LLC now owns 6,233 shares of the company’s stock valued at $113,000 after acquiring an additional 1,546 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter.

NETSTREIT Stock Down 2.9%

Shares of NTST opened at $19.90 on Thursday. NETSTREIT Corp. has a fifty-two week low of $13.74 and a fifty-two week high of $20.55. The company’s fifty day moving average is $18.25 and its two-hundred day moving average is $18.32. The firm has a market cap of $1.93 billion, a PE ratio of 221.11 and a beta of 0.88. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75.

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

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.22 per share. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, March 16th. NETSTREIT’s payout ratio is 955.56%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NTST shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Truist Financial upped their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Mizuho reduced their price target on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Stifel Nicolaus boosted their price target on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Cantor Fitzgerald raised their price objective on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday. 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. According to data from MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and an average price target of $20.64.

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.