APG Asset Management US Inc. Has $17.48 Million Stock Position in NETSTREIT Corp. $NTST

APG Asset Management US Inc. boosted its position in shares of NETSTREIT Corp. (NYSE:NTST) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 956,127 shares of the company’s stock after purchasing an additional 76,250 shares during the quarter. APG Asset Management US Inc. owned about 1.14% of NETSTREIT worth $17,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,640 shares during the period. CWM LLC boosted its stake in NETSTREIT by 108.0% in the second quarter. CWM LLC now owns 4,687 shares of the company’s stock valued at $79,000 after acquiring an additional 2,434 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in NETSTREIT during the 2nd quarter worth $185,000. Tower Research Capital LLC TRC raised its position in shares of NETSTREIT by 183.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,957 shares of the company’s stock valued at $202,000 after acquiring an additional 7,737 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of NETSTREIT during the 3rd quarter valued at $214,000.

Analyst Ratings Changes

Several research firms have recently issued reports on NTST. Truist Financial raised their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Cantor Fitzgerald raised their target price on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Scotiabank restated an “outperform” rating on shares of NETSTREIT in a research report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Finally, Mizuho reduced their price objective on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NETSTREIT has an average rating of “Moderate Buy” and a consensus price target of $20.64.

NETSTREIT Stock Up 0.8%

Shares of NETSTREIT stock opened at $20.78 on Friday. The company has a market capitalization of $2.02 billion, a P/E ratio of 230.91, a price-to-earnings-growth ratio of 3.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. The business has a 50-day moving average of $18.67 and a two-hundred day moving average of $18.41. NETSTREIT Corp. has a 1 year low of $14.00 and a 1 year high of $21.13.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share 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 the consensus estimate of $50.98 million. As a group, equities analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 annualized dividend and a yield of 4.2%. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s payout ratio is presently 955.56%.

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.