Lasalle Investment Management Securities LLC Has $29.01 Million Stake in NETSTREIT Corp. $NTST

Lasalle Investment Management Securities LLC decreased its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 58.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,606,352 shares of the company’s stock after selling 2,230,213 shares during the period. NETSTREIT comprises about 1.1% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 26th largest position. Lasalle Investment Management Securities LLC’s holdings in NETSTREIT were worth $29,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTST. APG Asset Management US Inc. boosted its stake in shares of NETSTREIT by 8.7% in the 3rd quarter. APG Asset Management US Inc. now owns 956,127 shares of the company’s stock worth $17,478,000 after buying an additional 76,250 shares during the last quarter. Quantbot Technologies LP boosted its stake in NETSTREIT by 22.3% in the third quarter. Quantbot Technologies LP now owns 261,114 shares of the company’s stock valued at $4,716,000 after acquiring an additional 47,559 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of NETSTREIT by 8.3% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,396 shares of the company’s stock valued at $1,127,000 after acquiring an additional 4,800 shares during the period. Intech Investment Management LLC increased its stake in shares of NETSTREIT by 1.9% during the 3rd quarter. Intech Investment Management LLC now owns 32,517 shares of the company’s stock worth $587,000 after purchasing an additional 600 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in shares of NETSTREIT by 37.9% in the 3rd 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 period.

Analyst Ratings Changes

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

NETSTREIT Stock Up 0.8%

NTST stock opened at $20.78 on Friday. The business has a 50 day moving average of $18.67 and a 200 day moving average of $18.41. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.75. The firm 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 Corp. has a twelve month low of $14.00 and a twelve month high of $21.13.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31). The firm had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, research analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.22 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, March 16th. NETSTREIT’s dividend payout ratio (DPR) is presently 955.56%.

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.