NETSTREIT Corp. $NTST Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in NETSTREIT Corp. (NYSE:NTST) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,130,784 shares of the company’s stock after selling 8,199 shares during the quarter. Geode Capital Management LLC owned 2.55% of NETSTREIT worth $36,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its stake in shares of NETSTREIT by 126.3% in the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock valued at $34,000 after buying an additional 1,200 shares in the last quarter. CWM LLC grew its position in NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company’s stock valued at $36,000 after acquiring an additional 989 shares in the last quarter. State of Wyoming acquired a new position in NETSTREIT in the 1st quarter valued at about $58,000. Prudent Man Advisors LLC increased its stake in NETSTREIT by 25.9% during the second quarter. Prudent Man Advisors LLC now owns 12,737 shares of the company’s stock worth $216,000 after purchasing an additional 2,619 shares during the period. Finally, Aigen Investment Management LP lifted its position in shares of NETSTREIT by 39.2% during the first quarter. Aigen Investment Management LP now owns 14,288 shares of the company’s stock worth $226,000 after purchasing an additional 4,022 shares in the last quarter.

Insider Buying and Selling at NETSTREIT

In related news, CEO Mark Manheimer bought 5,600 shares of the stock in a transaction dated Friday, September 5th. The stock was acquired at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the acquisition, the chief executive officer owned 316,378 shares in the company, valued at approximately $5,672,657.54. This represents a 1.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company’s stock.

NETSTREIT Stock Up 0.4%

Shares of NYSE NTST opened at $18.24 on Thursday. The business has a 50-day moving average of $18.45 and a two-hundred day moving average of $17.73. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1,824,000.00, a price-to-earnings-growth ratio of 3.87 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

NETSTREIT (NYSE:NTST) last issued 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 business had revenue of $48.31 million for the quarter, compared to analyst estimates of $47.78 million. NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. On average, analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, December 1st.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NTST shares. Stifel Nicolaus lifted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Berenberg Bank started coverage on shares of NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating and issued a $21.00 target price on shares of NETSTREIT in a report on Wednesday, July 30th. Finally, Mizuho boosted their target price on NETSTREIT from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.55.

NETSTREIT Profile

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.