AlphaQuest LLC Increases Position in NETSTREIT Corp. $NTST

AlphaQuest LLC grew its position in shares of NETSTREIT Corp. (NYSE:NTST) by 100.7% during the third quarter, Holdings Channel reports. The firm owned 193,566 shares of the company’s stock after acquiring an additional 97,116 shares during the quarter. AlphaQuest LLC’s holdings in NETSTREIT were worth $3,496,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on NTST. Robert W. Baird lifted their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus raised their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Truist Financial increased their price objective on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Berenberg Bank started coverage on NETSTREIT in a research note on Monday, October 13th. They set a “buy” rating and a $22.00 target price for the company. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.36.

NETSTREIT Stock Up 2.6%

NTST stock opened at $18.65 on Friday. The stock has a market cap of $1.56 billion, a P/E ratio of -1,864,500.00, a PEG ratio of 3.67 and a beta of 0.90. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84. NETSTREIT Corp. has a twelve month low of $13.74 and a twelve month high of $19.64. The company’s 50 day moving average is $17.80 and its two-hundred day moving average is $18.18.

NETSTREIT (NYSE:NTST) last issued its earnings results on Monday, October 27th. The company reported $0.01 earnings per share (EPS) 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 analyst estimates of $47.78 million. Research analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Company 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.