Y Intercept Hong Kong Ltd Buys Shares of 212,831 NETSTREIT Corp. $NTST

Y Intercept Hong Kong Ltd purchased a new position in NETSTREIT Corp. (NYSE:NTST) in the third quarter, Holdings Channel.com reports. The firm purchased 212,831 shares of the company’s stock, valued at approximately $3,844,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTST. Royal Bank of Canada lifted its holdings in shares of NETSTREIT by 343.1% during the 1st quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock valued at $582,000 after buying an additional 28,441 shares during the period. Amundi lifted its holdings in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after acquiring an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NETSTREIT by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after purchasing an additional 4,501 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NETSTREIT by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after purchasing an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NETSTREIT by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock valued at $8,995,000 after purchasing an additional 42,121 shares during the last quarter.

NETSTREIT Price Performance

NTST stock opened at $18.27 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. The company’s fifty day moving average price is $17.79 and its 200-day moving average price is $18.16. NETSTREIT Corp. has a one year low of $13.74 and a one year high of $19.64. The company has a market capitalization of $1.53 billion, a PE ratio of -1,826,700.00, a price-to-earnings-growth ratio of 3.69 and a beta of 0.90.

NETSTREIT (NYSE:NTST) last posted its earnings results 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). The company had revenue of $48.31 million for the quarter, compared to analysts’ expectations of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. On average, equities analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Berenberg Bank initiated coverage on shares of NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Robert W. Baird raised their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price objective on shares of NETSTREIT in a research report on Monday, January 5th. Truist Financial increased their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Mizuho decreased their target price 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, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.36.

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.