Hudson Bay Capital Management LP Has $68.53 Million Stock Holdings in NETSTREIT Corp. $NTST

Hudson Bay Capital Management LP boosted its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 35.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,794,639 shares of the company’s stock after purchasing an additional 986,842 shares during the quarter. NETSTREIT comprises approximately 0.2% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 26th biggest position. Hudson Bay Capital Management LP owned about 4.54% of NETSTREIT worth $68,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in 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 during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in NETSTREIT by 1,042.3% in the 3rd 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 period. 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 worth $3,496,000 after acquiring an additional 97,116 shares during the last quarter. Allianz Asset Management GmbH lifted its position in NETSTREIT by 76.1% during the third quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company’s stock worth $1,435,000 after acquiring an additional 34,334 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in shares of NETSTREIT by 92.6% during the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock worth $28,172,000 after acquiring an additional 749,811 shares during the period.

NETSTREIT Stock Performance

Shares of NYSE:NTST opened at $19.86 on Thursday. NETSTREIT Corp. has a 12-month low of $14.00 and a 12-month high of $21.30. The company’s 50 day moving average price is $19.45 and its two-hundred day moving average price is $18.59. The firm has a market cap of $1.93 billion, a PE ratio of 220.66, a PEG ratio of 3.13 and a beta of 0.86. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The business had revenue of $52.50 million during 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%. Equities research analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, March 16th. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is currently 977.78%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTST. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. BTIG Research boosted their price target on NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. UBS Group upped their price objective on NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, March 9th. Mizuho increased their price objective on NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Cantor Fitzgerald lifted their target price on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.50.

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.