Deprince Race & Zollo Inc. Sells 444,480 Shares of NETSTREIT Corp. $NTST

Deprince Race & Zollo Inc. lowered its position in NETSTREIT Corp. (NYSE:NTST) by 23.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,457,957 shares of the company’s stock after selling 444,480 shares during the period. Deprince Race & Zollo Inc. owned 1.75% of NETSTREIT worth $26,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NTST. CWM LLC grew its position in NETSTREIT by 33.0% in the third quarter. CWM LLC now owns 6,233 shares of the company’s stock worth $113,000 after acquiring an additional 1,546 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of NETSTREIT by 16.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 15,290 shares of the company’s stock valued at $275,000 after purchasing an additional 2,128 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in NETSTREIT by 57.0% in the second quarter. Squarepoint Ops LLC now owns 58,762 shares of the company’s stock worth $995,000 after purchasing an additional 21,329 shares in the last quarter. TT Capital Management LLC acquired a new position in NETSTREIT during the second quarter worth $1,696,000. Finally, State of Wyoming raised its holdings in NETSTREIT by 472.5% during the second quarter. State of Wyoming now owns 20,958 shares of the company’s stock valued at $355,000 after buying an additional 17,297 shares in the last quarter.

NETSTREIT Stock Up 0.8%

Shares of NTST stock opened at $17.61 on Friday. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $19.64. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.47 billion, a PE ratio of -1,760,500.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.90. The stock has a 50 day moving average of $18.13 and a 200-day moving average of $17.99.

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

NETSTREIT Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTST. Stifel Nicolaus boosted their price target on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Robert W. Baird boosted their target price on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Berenberg Bank assumed coverage on NETSTREIT in a report on Monday, October 13th. They set a “buy” rating and a $22.00 price target on the stock. Truist Financial lifted their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus target price of $20.45.

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.