Bessemer Group Inc. Grows Position in NETSTREIT Corp. $NTST

Bessemer Group Inc. raised its holdings in NETSTREIT Corp. (NYSE:NTST) by 35.0% in the first quarter, Holdings Channel.com reports. The fund owned 397,315 shares of the company’s stock after buying an additional 103,100 shares during the quarter. Bessemer Group Inc.’s holdings in NETSTREIT were worth $7,481,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its stake in shares of NETSTREIT by 959.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares during the period. Kestra Advisory Services LLC purchased a new stake in NETSTREIT during the fourth quarter worth about $44,000. Finally, Inspire Investing LLC purchased a new stake in NETSTREIT during the fourth quarter worth about $45,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank dropped their target price on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Weiss Ratings raised NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. BTIG Research boosted their price target on NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wells Fargo & Company upped their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, UBS Group set a $22.00 price objective on NETSTREIT in a research note on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

NETSTREIT Price Performance

NETSTREIT stock opened at $22.24 on Monday. The firm has a market capitalization of $2.16 billion, a PE ratio of 171.07, a P/E/G ratio of 2.87 and a beta of 0.82. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47. The firm’s 50-day simple moving average is $20.61 and its 200 day simple moving average is $19.88. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81.

NETSTREIT (NYSE:NTST) last posted its earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $50.09 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. On average, equities research analysts predict that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total transaction of $149,953.20. Following the completion of the transaction, the director directly owned 18,344 shares of the company’s stock, valued at $382,472.40. This trade represents a 28.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Manheimer acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $19.19 per share, with a total value of $95,950.00. Following the completion of the transaction, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.66% of the stock is owned by corporate insiders.

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.