Envestnet Asset Management Inc. Has $5.04 Million Stock Position in NETSTREIT Corp. $NTST

Envestnet Asset Management Inc. increased its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,136 shares of the company’s stock after buying an additional 47,403 shares during the period. Envestnet Asset Management Inc. owned 0.33% of NETSTREIT worth $5,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NTST. Allianz Asset Management GmbH lifted its holdings in shares of NETSTREIT by 76.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company’s stock valued at $1,435,000 after purchasing an additional 34,334 shares in the last quarter. State of Wyoming grew its stake in shares of NETSTREIT by 62.8% in the third quarter. State of Wyoming now owns 34,121 shares of the company’s stock valued at $616,000 after buying an additional 13,163 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of NETSTREIT by 11.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock worth $161,783,000 after purchasing an additional 955,951 shares during the last quarter. AlphaQuest LLC increased its position in NETSTREIT by 100.7% during the third quarter. AlphaQuest LLC now owns 193,566 shares of the company’s stock worth $3,496,000 after buying an additional 97,116 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of 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 acquiring an additional 154,463 shares during the last quarter.

NETSTREIT Stock Up 1.1%

NYSE:NTST opened at $20.38 on Monday. NETSTREIT Corp. has a fifty-two week low of $14.00 and a fifty-two week high of $20.55. The firm has a market cap of $1.98 billion, a P/E ratio of 226.39, a P/E/G ratio of 3.18 and a beta of 0.88. The firm has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $18.34. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12.

NETSTREIT (NYSE:NTST) last issued its 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). NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. The business had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $50.98 million. Analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 16th. This represents a $0.88 annualized dividend and a dividend yield of 4.3%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is 955.56%.

Analyst Upgrades and Downgrades

NTST has been the topic of several research reports. Truist Financial upped their target price on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Robert W. Baird upped their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Mizuho dropped their price objective 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. Finally, Cantor Fitzgerald lifted their price target on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. One equities research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.64.

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.