Thrivent Financial for Lutherans Sells 52,454 Shares of NETSTREIT Corp. $NTST

Thrivent Financial for Lutherans lowered its holdings in NETSTREIT Corp. (NYSE:NTST) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,763 shares of the company’s stock after selling 52,454 shares during the period. Thrivent Financial for Lutherans owned about 0.26% of NETSTREIT worth $3,669,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Swiss National Bank boosted its holdings in shares of NETSTREIT by 3.9% in the 1st quarter. Swiss National Bank now owns 158,100 shares of the company’s stock worth $2,506,000 after buying an additional 5,900 shares during the last quarter. Invesco Ltd. boosted its stake in NETSTREIT by 11.8% in the first quarter. Invesco Ltd. now owns 276,723 shares of the company’s stock valued at $4,386,000 after acquiring an additional 29,248 shares during the last quarter. Aberdeen Group plc boosted its stake in NETSTREIT by 8.5% in the first quarter. Aberdeen Group plc now owns 21,731 shares of the company’s stock valued at $344,000 after acquiring an additional 1,706 shares during the last quarter. American Century Companies Inc. grew its position in shares of NETSTREIT by 4.4% during the 1st quarter. American Century Companies Inc. now owns 25,465 shares of the company’s stock valued at $404,000 after acquiring an additional 1,065 shares during the period. Finally, Northern Trust Corp increased its stake in shares of NETSTREIT by 1.5% during the 1st quarter. Northern Trust Corp now owns 895,119 shares of the company’s stock worth $14,188,000 after purchasing an additional 13,431 shares during the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $17.41 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. NETSTREIT Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $19.64. The stock has a market cap of $1.45 billion, a PE ratio of -1,741,000.00, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The stock has a fifty day moving average of $18.28 and a 200-day moving average of $17.95.

NETSTREIT (NYSE:NTST) last issued its earnings results on Monday, October 27th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.32). NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%.The company had revenue of $48.31 million during the quarter, compared to the consensus estimate of $47.78 million. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. Equities research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.86 annualized dividend and a yield of 4.9%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NTST shares. Truist Financial upped their price objective on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research report on Wednesday, August 27th. Robert W. Baird increased their price target on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Wells Fargo & Company boosted their price objective on NETSTREIT from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Cantor Fitzgerald began coverage on shares of NETSTREIT in a report on Wednesday, October 1st. They set an “overweight” rating and a $21.00 price objective on the stock. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Company 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.