Jupiter Asset Management Ltd. Makes New $3.28 Million Investment in NETSTREIT Corp. $NTST

Jupiter Asset Management Ltd. acquired a new stake in NETSTREIT Corp. (NYSE:NTST) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 181,441 shares of the company’s stock, valued at approximately $3,277,000. Jupiter Asset Management Ltd. owned about 0.22% of NETSTREIT at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First National Bank of Omaha bought a new position in shares of NETSTREIT during the 3rd quarter valued at approximately $439,000. GSA Capital Partners LLP increased its position in NETSTREIT by 115.0% during the third quarter. GSA Capital Partners LLP now owns 166,885 shares of the company’s stock valued at $3,014,000 after acquiring an additional 89,278 shares during the last quarter. M&G PLC bought a new position in NETSTREIT during the third quarter valued at $217,000. Vanguard Group Inc. raised its stake in shares of NETSTREIT by 7.8% in the third quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock valued at $161,841,000 after acquiring an additional 646,153 shares during the period. Finally, Aberdeen Group plc lifted its holdings in shares of NETSTREIT by 30.2% in the 3rd quarter. Aberdeen Group plc now owns 31,978 shares of the company’s stock worth $575,000 after acquiring an additional 7,416 shares during the last quarter.

NETSTREIT Stock Performance

NETSTREIT stock opened at $20.38 on Friday. 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 company has a market capitalization of $1.98 billion, a PE ratio of 226.39, a P/E/G ratio of 3.18 and a beta of 0.88. The company has a 50 day moving average price of $18.35 and a 200-day moving average price of $18.34. NETSTREIT Corp. has a fifty-two week low of $14.00 and a fifty-two week high of $20.55.

NETSTREIT (NYSE:NTST) last released 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). NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%.The firm had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $50.98 million. As a group, equities analysts forecast that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.3%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s payout ratio is currently 955.56%.

Analysts Set New Price Targets

Several equities analysts recently commented on NTST shares. Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a report on Monday, February 2nd. Stifel Nicolaus upped their target price on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Cantor Fitzgerald increased their price target on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Finally, Robert W. Baird upped their price objective on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and a consensus target price of $20.64.

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.