APG Asset Management US Inc. Has $17.48 Million Position in NETSTREIT Corp. $NTST

APG Asset Management US Inc. boosted its position in NETSTREIT Corp. (NYSE:NTST) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 956,127 shares of the company’s stock after buying an additional 76,250 shares during the quarter. APG Asset Management US Inc.’s holdings in NETSTREIT were worth $17,478,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in NETSTREIT by 22.3% during the 3rd quarter. Quantbot Technologies LP now owns 261,114 shares of the company’s stock worth $4,716,000 after acquiring an additional 47,559 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of NETSTREIT by 8.3% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,396 shares of the company’s stock worth $1,127,000 after purchasing an additional 4,800 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of NETSTREIT by 1.9% in the third quarter. Intech Investment Management LLC now owns 32,517 shares of the company’s stock worth $587,000 after purchasing an additional 600 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after purchasing an additional 970,260 shares during the last quarter. Finally, Greenland Capital Management LP grew its position in NETSTREIT by 74.1% in the third quarter. Greenland Capital Management LP now owns 70,000 shares of the company’s stock valued at $1,264,000 after purchasing an additional 29,788 shares in the last quarter.

Analyst Ratings Changes

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

NETSTREIT Stock Up 0.8%

NTST opened at $20.78 on Friday. 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 fifty day simple moving average is $18.67 and its 200 day simple moving average is $18.41. NETSTREIT Corp. has a 1-year low of $14.00 and a 1-year high of $21.13. The stock has a market cap of $2.02 billion, a PE ratio of 230.91, a price-to-earnings-growth ratio of 3.24 and a beta of 0.88.

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

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.22 per share. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio is presently 955.56%.

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.