NETSTREIT Corp. $NTST Position Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 27.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 156,513 shares of the company’s stock after selling 60,250 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NETSTREIT were worth $2,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lasalle Investment Management Securities LLC increased its stake in shares of NETSTREIT by 13.8% during the second quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company’s stock valued at $64,953,000 after acquiring an additional 464,980 shares during the period. Hudson Bay Capital Management LP raised its position in shares of NETSTREIT by 44.4% during the second quarter. Hudson Bay Capital Management LP now owns 2,807,797 shares of the company’s stock worth $47,536,000 after purchasing an additional 862,766 shares during the period. Alliancebernstein L.P. increased its stake in NETSTREIT by 10.2% in the 2nd quarter. Alliancebernstein L.P. now owns 2,173,506 shares of the company’s stock worth $36,797,000 after purchasing an additional 200,700 shares in the last quarter. Tributary Capital Management LLC lifted its stake in NETSTREIT by 92.6% during the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock valued at $28,172,000 after buying an additional 749,811 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of NETSTREIT by 96.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,162,949 shares of the company’s stock worth $19,689,000 after acquiring an additional 570,094 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTST shares. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 target price on shares of NETSTREIT in a research note on Monday, January 5th. Berenberg Bank started coverage on shares of NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 target price for the company. Mizuho lowered their price target on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus upped their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Trading Down 1.5%

NETSTREIT stock opened at $19.04 on Tuesday. NETSTREIT Corp. has a one year low of $13.74 and a one year high of $19.65. The company’s fifty day moving average price is $17.92 and its two-hundred day moving average price is $18.25. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -1,903,500.00, a PEG ratio of 3.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

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.