Metis Global Partners LLC Raises Position in NETSTREIT Corp. $NTST

Metis Global Partners LLC increased its stake in NETSTREIT Corp. (NYSE:NTST) by 30.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,488 shares of the company’s stock after buying an additional 3,149 shares during the quarter. Metis Global Partners LLC’s holdings in NETSTREIT were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in NETSTREIT during the 1st quarter worth approximately $188,000. Bank of New York Mellon Corp raised its stake in shares of NETSTREIT by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 351,416 shares of the company’s stock valued at $5,570,000 after purchasing an additional 4,728 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of NETSTREIT by 12.5% during the first quarter. Envestnet Asset Management Inc. now owns 173,642 shares of the company’s stock worth $2,752,000 after purchasing an additional 19,234 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of NETSTREIT by 4.2% in the first quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock valued at $371,000 after purchasing an additional 945 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in NETSTREIT by 0.7% during the 1st quarter. New York State Common Retirement Fund now owns 232,621 shares of the company’s stock valued at $3,687,000 after purchasing an additional 1,724 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group boosted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research report on Wednesday, August 27th. Wells Fargo & Company boosted their price target on NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Truist Financial set a $19.00 price objective on NETSTREIT in a research note on Friday, July 25th. Finally, Stifel Nicolaus lifted their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.45.

Insider Transactions at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 5,600 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was purchased at an average price of $17.93 per share, with a total value of $100,408.00. Following the completion of the acquisition, the chief executive officer directly owned 316,378 shares in the company, valued at $5,672,657.54. This trade represents a 1.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

NETSTREIT Stock Performance

Shares of NTST stock opened at $18.07 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -1,807,300.00, a PEG ratio of 3.88 and a beta of 0.90. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $19.64. The company’s 50-day simple moving average is $18.45 and its 200-day simple moving average is $17.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.32). NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. The firm had revenue of $48.31 million during the quarter, compared to the consensus estimate of $47.78 million. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, December 1st. This represents a $0.86 annualized dividend and a yield of 4.8%.

About NETSTREIT

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.