Cbre Investment Management Listed Real Assets LLC Buys 433,966 Shares of NETSTREIT Corp. $NTST

Cbre Investment Management Listed Real Assets LLC lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 72.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,029,440 shares of the company’s stock after buying an additional 433,966 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in NETSTREIT were worth $18,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTST. Royal Bank of Canada grew its stake in NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock valued at $582,000 after acquiring an additional 28,441 shares in the last quarter. Amundi lifted its stake in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NETSTREIT by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after purchasing an additional 4,501 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after purchasing an additional 17,188 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NETSTREIT by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock valued at $8,995,000 after purchasing an additional 42,121 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Cantor Fitzgerald boosted their target price on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Mizuho raised their price target on NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group lifted their price objective on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, Truist Financial increased their target price on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and an average target price of $21.42.

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $20.27 on Thursday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 225.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a 50 day moving average price of $19.19 and a 200-day moving average price of $18.53. NETSTREIT Corp. has a one year low of $14.00 and a one year high of $21.30.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results 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 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%. Equities analysts expect that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The company also recently announced 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 4.3%. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s payout ratio is currently 977.78%.

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.