VIRGINIA RETIREMENT SYSTEMS ET Al Grows Position in NETSTREIT Corp. $NTST

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 1,042.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,200 shares of the company’s stock after acquiring an additional 148,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.19% of NETSTREIT worth $2,929,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTST. Strs Ohio purchased a new position in NETSTREIT in the 1st quarter worth approximately $8,676,000. Goldman Sachs Group Inc. lifted its holdings in shares of NETSTREIT by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after acquiring an additional 17,188 shares during the last quarter. Comerica Bank grew its position in NETSTREIT by 288.8% in the first quarter. Comerica Bank now owns 37,724 shares of the company’s stock worth $598,000 after acquiring an additional 28,021 shares in the last quarter. Nordea Investment Management AB increased its stake in NETSTREIT by 0.4% in the second quarter. Nordea Investment Management AB now owns 476,691 shares of the company’s stock valued at $7,994,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in NETSTREIT by 35.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,521 shares of the company’s stock valued at $1,786,000 after acquiring an additional 27,578 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NTST. Berenberg Bank assumed coverage on NETSTREIT in a research note on Monday, October 13th. They set a “buy” rating and a $22.00 price target for the company. Truist Financial boosted their target price on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Stifel Nicolaus upped their target price on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a research note on Monday. Finally, Mizuho lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus price target of $20.45.

NETSTREIT Price Performance

NTST opened at $17.65 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85. The stock’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $18.02. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -1,765,000.00, a PEG ratio of 3.76 and a beta of 0.90. NETSTREIT Corp. has a 1 year low of $13.42 and a 1 year high of $19.64.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.32). NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. The company had revenue of $48.31 million during the quarter, compared to the consensus estimate of $47.78 million. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. As a group, analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, December 1st.

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.