NETSTREIT Corp. $NTST Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 100.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,566 shares of the company’s stock after purchasing an additional 97,116 shares during the period. AlphaQuest LLC owned 0.23% of NETSTREIT worth $3,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. increased its stake in NETSTREIT by 213.7% during the 3rd quarter. Federated Hermes Inc. now owns 226,741 shares of the company’s stock worth $4,095,000 after buying an additional 154,463 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of NETSTREIT in the third quarter valued at approximately $3,844,000. Resona Asset Management Co. Ltd. boosted its stake in shares of NETSTREIT by 13.5% in the third quarter. Resona Asset Management Co. Ltd. now owns 37,281 shares of the company’s stock worth $670,000 after acquiring an additional 4,446 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of NETSTREIT by 49.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 140,422 shares of the company’s stock worth $2,536,000 after purchasing an additional 46,448 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of NETSTREIT by 3.9% during the third quarter. Nordea Investment Management AB now owns 495,518 shares of the company’s stock worth $8,939,000 after purchasing an additional 18,827 shares in the last quarter.

NETSTREIT Stock Performance

NYSE NTST opened at $18.65 on Friday. The stock has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.18. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.56 billion, a PE ratio of -1,864,500.00, a P/E/G ratio of 3.67 and a beta of 0.90. NETSTREIT Corp. has a twelve month low of $13.74 and a twelve month high of $19.64.

NETSTREIT (NYSE:NTST) last posted its earnings results on Monday, October 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 0.10% and a return on equity of 0.01%. Equities analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTST shares. Berenberg Bank began coverage on NETSTREIT in a report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective on the stock. Stifel Nicolaus raised their price target 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. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of NETSTREIT in a research report on Monday, January 5th. Mizuho cut their price objective on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Finally, Truist Financial raised their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NETSTREIT currently has an average rating of “Moderate Buy” and an average price target of $20.36.

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.