Tudor Investment Corp ET AL Lowers Stake in NETSTREIT Corp. $NTST

Tudor Investment Corp ET AL lowered its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 64.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,288 shares of the company’s stock after selling 120,137 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of NETSTREIT worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of NETSTREIT by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock worth $161,841,000 after purchasing an additional 646,153 shares in the last quarter. Principal Financial Group Inc. increased its position in NETSTREIT by 11.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock valued at $161,783,000 after buying an additional 955,951 shares in the last quarter. Millennium Management LLC increased its position in NETSTREIT by 88.8% during the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after buying an additional 1,782,158 shares in the last quarter. Centersquare Investment Management LLC raised its stake in NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock valued at $63,813,000 after buying an additional 970,260 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in NETSTREIT by 44.4% during the second quarter. Hudson Bay Capital Management LP now owns 2,807,797 shares of the company’s stock valued at $47,536,000 after buying an additional 862,766 shares during the last quarter.

NETSTREIT Price Performance

NYSE NTST opened at $18.68 on Monday. NETSTREIT Corp. has a 52 week low of $14.00 and a 52 week high of $21.30. The firm has a market capitalization of $1.81 billion, a P/E ratio of 207.53, a PEG ratio of 2.90 and a beta of 0.86. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $19.61 and a 200-day moving average price of $18.64.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The business had revenue of $52.50 million during the quarter, compared to analysts’ expectations of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. Equities research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current 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 4.7%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is 977.78%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NTST. Scotiabank increased their target price on NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 2nd. Mizuho lifted their price target on NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Truist Financial upped 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 Monday, March 23rd. UBS Group increased their price objective on shares of NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Finally, Cantor Fitzgerald raised their price objective on shares of NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.58.

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.