NETSTREIT Corp. $NTST Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in shares of NETSTREIT Corp. (NYSE:NTST) by 73.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,547 shares of the company’s stock after purchasing an additional 55,392 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NETSTREIT were worth $2,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTST. Principal Financial Group Inc. boosted its stake in NETSTREIT by 61.3% during the 1st quarter. Principal Financial Group Inc. now owns 7,741,808 shares of the company’s stock valued at $122,708,000 after purchasing an additional 2,941,600 shares during the period. Nuveen LLC acquired a new stake in shares of NETSTREIT in the 1st quarter worth approximately $18,181,000. MetLife Investment Management LLC lifted its stake in shares of NETSTREIT by 1,992.5% in the 1st quarter. MetLife Investment Management LLC now owns 1,023,171 shares of the company’s stock worth $16,217,000 after acquiring an additional 974,275 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of NETSTREIT in the 1st quarter worth approximately $9,397,000. Finally, Strs Ohio acquired a new stake in shares of NETSTREIT in the 1st quarter worth approximately $8,676,000.

NETSTREIT Stock Down 0.1%

NTST stock opened at $19.27 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a market cap of $1.61 billion, a PE ratio of -240.81, a P/E/G ratio of 3.12 and a beta of 0.90. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $19.64. The firm has a 50 day simple moving average of $18.40 and a 200 day simple moving average of $17.33.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NETSTREIT in a research note on Saturday. UBS Group 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 Friday, August 15th. Bank of America raised shares of NETSTREIT from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. Robert W. Baird increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Truist Financial set a $19.00 target price on shares of NETSTREIT in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT currently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Insider Activity at NETSTREIT

In other news, CEO Mark Manheimer purchased 5,600 shares of NETSTREIT stock in a transaction that occurred on 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 transaction, the chief executive officer owned 316,378 shares in the company, valued at $5,672,657.54. The trade was a 1.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.58% of the company’s stock.

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.