GSA Capital Partners LLP Raises Stock Position in NETSTREIT Corp. $NTST

GSA Capital Partners LLP grew its holdings in NETSTREIT Corp. (NYSE:NTST) by 115.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,885 shares of the company’s stock after purchasing an additional 89,278 shares during the quarter. NETSTREIT accounts for about 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 21st biggest holding. GSA Capital Partners LLP owned about 0.20% of NETSTREIT worth $3,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of NETSTREIT by 343.1% in the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock valued at $582,000 after acquiring an additional 28,441 shares in the last quarter. Amundi increased its holdings in NETSTREIT by 1.6% during the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NETSTREIT by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after purchasing an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after buying an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NETSTREIT by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after buying an additional 42,121 shares during the period.

Wall Street Analyst Weigh In

NTST has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Truist Financial increased their target price on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price target on shares of NETSTREIT in a research note on Monday, January 5th. Mizuho decreased their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research report 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

NETSTREIT Price Performance

Shares of NTST opened at $20.21 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average is $18.15 and its two-hundred day moving average is $18.29. NETSTREIT Corp. has a twelve month low of $13.74 and a twelve month high of $20.25. The firm has a market capitalization of $1.96 billion, a PE ratio of 224.50 and a beta of 0.88.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results 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 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%. Research analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.4%. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio (DPR) is 955.56%.

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.