212,831 Shares in NETSTREIT Corp. $NTST Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in NETSTREIT Corp. (NYSE:NTST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 212,831 shares of the company’s stock, valued at approximately $3,844,000. Y Intercept Hong Kong Ltd owned about 0.25% of NETSTREIT as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Amundi grew its stake in shares of NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in NETSTREIT by 3.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after buying an additional 945 shares during the period. CWM LLC increased its stake in shares of NETSTREIT by 33.0% during the third quarter. CWM LLC now owns 6,233 shares of the company’s stock valued at $113,000 after buying an additional 1,546 shares during the period. EverSource Wealth Advisors LLC lifted its stake in NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in NETSTREIT by 1.5% in the second quarter. Public Employees Retirement System of Ohio now owns 116,403 shares of the company’s stock valued at $1,971,000 after acquiring an additional 1,734 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Robert W. Baird upped their target price on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus raised their target price on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Mizuho lowered their price objective on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Finally, Berenberg Bank started coverage on shares of NETSTREIT in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.36.

NETSTREIT Stock Performance

Shares of 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 has a market capitalization of $1.53 billion, a price-to-earnings ratio of -1,826,700.00, a price-to-earnings-growth ratio of 3.69 and a beta of 0.90. NETSTREIT Corp. has a one year low of $13.74 and a one year high of $19.64. The company’s 50-day moving average is $17.79 and its 200 day moving average is $18.16.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $47.78 million. Sell-side analysts expect that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

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.