DekaBank Deutsche Girozentrale Grows Holdings in NETSTREIT Corp. $NTST

DekaBank Deutsche Girozentrale increased its position in shares of NETSTREIT Corp. (NYSE:NTST) by 73.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,547 shares of the company’s stock after buying an additional 55,392 shares during the period. DekaBank Deutsche Girozentrale owned about 0.16% of NETSTREIT worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTST. Assetmark Inc. increased its position in shares of NETSTREIT by 126.3% in the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the last quarter. CWM LLC increased its position in shares of NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after purchasing an additional 989 shares during the last quarter. State of Wyoming bought a new stake in shares of NETSTREIT in the 1st quarter worth about $58,000. Hohimer Wealth Management LLC increased its position in shares of NETSTREIT by 6.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company’s stock worth $183,000 after purchasing an additional 677 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of NETSTREIT in the 1st quarter worth about $188,000.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $19.27 on Friday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $19.64. The firm has a 50-day simple moving average of $18.40 and a 200 day simple moving average of $17.33. The company has a market cap of $1.61 billion, a PE ratio of -240.81, a P/E/G ratio of 3.12 and a beta of 0.90.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTST. Bank of America raised shares of NETSTREIT from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Monday, July 28th. UBS Group boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Mizuho boosted their target price on shares of NETSTREIT from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Berenberg Bank began coverage on shares of NETSTREIT in a research report on Monday, October 13th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer bought 5,600 shares of NETSTREIT stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $17.93 per share, with a total value of $100,408.00. Following the purchase, the chief executive officer directly owned 316,378 shares of the company’s stock, valued at approximately $5,672,657.54. This trade represents a 1.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.58% of the stock is owned by insiders.

About NETSTREIT

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.