Jupiter Asset Management Ltd. Invests $3.28 Million in NETSTREIT Corp. $NTST

Jupiter Asset Management Ltd. acquired a new stake in shares of NETSTREIT Corp. (NYSE:NTST) during the third quarter, HoldingsChannel reports. The fund acquired 181,441 shares of the company’s stock, valued at approximately $3,277,000.

A number of other large investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT by 11.9% in the 3rd quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock valued at $161,783,000 after buying an additional 955,951 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in NETSTREIT by 1,042.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 162,200 shares of the company’s stock valued at $2,929,000 after acquiring an additional 148,000 shares during the last quarter. AlphaQuest LLC lifted its position in NETSTREIT by 100.7% during the third quarter. AlphaQuest LLC now owns 193,566 shares of the company’s stock valued at $3,496,000 after acquiring an additional 97,116 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in NETSTREIT by 76.1% in the third quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company’s stock valued at $1,435,000 after acquiring an additional 34,334 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in NETSTREIT by 92.6% in the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock worth $28,172,000 after purchasing an additional 749,811 shares during the last quarter.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $20.38 on Friday. NETSTREIT Corp. has a 52 week low of $14.00 and a 52 week high of $20.55. The business’s 50 day moving average price is $18.35 and its 200 day moving average price is $18.34. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.98 billion, a P/E ratio of 226.39, a P/E/G ratio of 3.18 and a beta of 0.88.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31). The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, sell-side analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.3%. NETSTREIT’s dividend payout ratio is currently 955.56%.

Analyst Ratings Changes

Several brokerages have recently commented on NTST. Cantor Fitzgerald increased their price objective on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus increased their price target on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Truist Financial upped their price objective on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT has an average rating of “Moderate Buy” and a consensus target price of $20.64.

About NETSTREIT

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.