Tributary Capital Management LLC Buys 749,811 Shares of NETSTREIT Corp. $NTST

Tributary Capital Management LLC raised its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 92.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,559,924 shares of the company’s stock after acquiring an additional 749,811 shares during the period. Tributary Capital Management LLC owned about 1.87% of NETSTREIT worth $28,172,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio purchased a new stake in NETSTREIT in the 1st quarter worth about $8,676,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in NETSTREIT by 1,042.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 162,200 shares of the company’s stock valued at $2,929,000 after purchasing an additional 148,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after purchasing an additional 17,188 shares during the period. Nordea Investment Management AB increased its stake in shares of NETSTREIT by 0.4% in the second quarter. Nordea Investment Management AB now owns 476,691 shares of the company’s stock worth $7,994,000 after purchasing an additional 1,957 shares in the last quarter. Finally, TT Capital Management LLC bought a new stake in shares of NETSTREIT in the second quarter valued at approximately $1,696,000.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho cut 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Stifel Nicolaus lifted their price target on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price objective on shares of NETSTREIT in a report on Monday. Finally, Berenberg Bank started coverage on NETSTREIT in a report on Monday, October 13th. They set a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus target price of $20.36.

NETSTREIT Stock Performance

NYSE:NTST opened at $17.53 on Thursday. The stock has a market cap of $1.46 billion, a P/E ratio of -1,752,600.00, a PEG ratio of 3.51 and a beta of 0.90. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $17.87 and its two-hundred day moving average price is $18.05. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $19.64.

NETSTREIT (NYSE:NTST) last posted 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 return on equity of 0.01% and a net margin of 0.10%.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, equities analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid 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.

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.