Ghisallo Capital Management LLC Makes New Investment in NETSTREIT Corp. $NTST

Ghisallo Capital Management LLC purchased a new position in NETSTREIT Corp. (NYSE:NTST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,806,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its position 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 valued at $587,000 after buying an additional 600 shares during the last quarter. Amundi lifted its holdings in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in NETSTREIT by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock valued at $487,000 after acquiring an additional 945 shares during the period. Natixis Advisors LLC boosted its stake in NETSTREIT by 2.4% in the third quarter. Natixis Advisors LLC now owns 52,415 shares of the company’s stock valued at $947,000 after acquiring an additional 1,235 shares during the period. Finally, Alps Advisors Inc. grew its holdings in shares of NETSTREIT by 9.5% during the third quarter. Alps Advisors Inc. now owns 17,061 shares of the company’s stock valued at $308,000 after purchasing an additional 1,486 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on NTST. BTIG Research boosted their price objective on NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Cantor Fitzgerald upped 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. Mizuho increased their price objective on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group lifted their price objective on shares of NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Finally, Truist Financial boosted 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.42.

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $20.26 on Friday. NETSTREIT Corp. has a 52 week low of $14.00 and a 52 week high of $21.30. 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 has a market cap of $1.97 billion, a PE ratio of 225.14, a price-to-earnings-growth ratio of 3.15 and a beta of 0.86. The company’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $18.55.

NETSTREIT (NYSE:NTST) last posted 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 business had revenue of $52.50 million for 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, sell-side analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 16th. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.3%. NETSTREIT’s payout ratio is 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.