Centersquare Investment Management LLC Increases Stock Holdings in NETSTREIT Corp. $NTST

Centersquare Investment Management LLC increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 37.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,533,415 shares of the company’s stock after buying an additional 970,260 shares during the period. Centersquare Investment Management LLC owned about 4.23% of NETSTREIT worth $63,813,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NTST. Amundi raised its position in NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of NETSTREIT by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after purchasing an additional 945 shares in the last quarter. Alps Advisors Inc. raised its position in shares of NETSTREIT by 9.5% during the 3rd quarter. Alps Advisors Inc. now owns 17,061 shares of the company’s stock worth $308,000 after purchasing an additional 1,486 shares during the last quarter. CWM LLC lifted its stake in NETSTREIT by 33.0% in the 3rd quarter. CWM LLC now owns 6,233 shares of the company’s stock valued at $113,000 after buying an additional 1,546 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,640 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a report on Monday, February 2nd. Mizuho cut their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Truist Financial upped their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, Cantor Fitzgerald boosted their price objective on shares of NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NETSTREIT currently has an average rating of “Moderate Buy” and an average price target of $20.64.

NETSTREIT Trading Up 0.6%

Shares of NTST stock opened at $20.55 on Thursday. The firm’s 50-day simple moving average is $18.53 and its 200-day simple moving average is $18.38. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. NETSTREIT Corp. has a 1-year low of $14.00 and a 1-year high of $20.68. The firm has a market cap of $2.00 billion, a P/E ratio of 228.38, a PEG ratio of 3.19 and a beta of 0.88.

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

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.22 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 annualized dividend and a dividend yield of 4.3%. NETSTREIT’s dividend payout ratio is 955.56%.

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.