Allianz Asset Management GmbH Acquires 34,334 Shares of NETSTREIT Corp. $NTST

Allianz Asset Management GmbH increased its stake in NETSTREIT Corp. (NYSE:NTST) by 76.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,454 shares of the company’s stock after acquiring an additional 34,334 shares during the quarter. Allianz Asset Management GmbH owned 0.10% of NETSTREIT worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in NETSTREIT by 1,123.3% in the second 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 during the period. CWM LLC increased its position in NETSTREIT by 108.0% in the 2nd quarter. CWM LLC now owns 4,687 shares of the company’s stock valued at $79,000 after buying an additional 2,434 shares in the last quarter. Bayesian Capital Management LP bought a new stake in NETSTREIT in the 2nd quarter valued at about $185,000. Tower Research Capital LLC TRC raised its stake in NETSTREIT by 183.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,957 shares of the company’s stock worth $202,000 after buying an additional 7,737 shares during the period. Finally, Longboard Asset Management LP bought a new position in NETSTREIT in the third quarter worth approximately $214,000.

NETSTREIT Stock Up 1.8%

NTST stock opened at $20.21 on Friday. The stock has a market cap of $1.96 billion, a P/E ratio of 224.50, a P/E/G ratio of 4.01 and a beta of 0.88. The company has a current ratio of 3.12, a quick ratio of 3.85 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $18.09 and its two-hundred day simple moving average is $18.28. NETSTREIT Corp. has a 1-year low of $13.74 and a 1-year high of $20.25.

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

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.4%. NETSTREIT’s dividend payout ratio is presently 955.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTST. Scotiabank restated an “outperform” rating on shares of NETSTREIT in a report on Monday, February 2nd. Truist Financial increased their target price on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of NETSTREIT in a research note on Monday, January 5th. Mizuho lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Stifel Nicolaus raised their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.45.

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.