DigitalBridge Group Inc. Lowers Holdings in NETSTREIT Corp. $NTST

DigitalBridge Group Inc. reduced its holdings in NETSTREIT Corp. by 34.9% in Q2, now owning 737,429 shares worth $12.49 million. NETSTREIT is 1.2% of DigitalBridge's portfolio. Other institutional investors also adjusted their positions. NETSTREIT's stock is trading at $17.57 with a market cap of $1.47 billion. The company reported Q3 earnings of $0.01 per share, missing estimates. A quarterly dividend of $0.215 will be paid on December 15th. Analysts have given the stock a buy rating with price targets ranging from $20 to $22.

DigitalBridge Group Inc. reduced its position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 34.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,429 shares of the company's stock after selling 395,000 shares during the period. NETSTREIT makes up 1.2% of DigitalBridge Group Inc.'s portfolio, making the stock its 28th biggest holding. DigitalBridge Group Inc. owned about 0.88% of NETSTREIT worth $12,485,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in NETSTREIT during the first quarter worth about $18,181,000. MetLife Investment Management LLC increased its position in shares of NETSTREIT by 1,992.5% in the first quarter. MetLife Investment Management LLC now owns 1,023,171 shares of the company's stock worth $16,217,000 after purchasing an additional 974,275 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in NETSTREIT in the first quarter valued at approximately $9,397,000. Strs Ohio bought a new stake in NETSTREIT during the first quarter valued at approximately $8,676,000. Finally, Lasalle Investment Management Securities LLC grew its stake in NETSTREIT by 13.8% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company's stock worth $64,953,000 after buying an additional 464,980 shares in the last quarter.

NETSTREIT Trading Down 0.4%

NYSE:NTST opened at $17.57 on Thursday. The firm has a market capitalization of $1.47 billion, a P/E ratio of -1,756,500.00, a P/E/G ratio of 3.76 and a beta of 0.90. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $18.45 and a 200 day moving average of $17.81. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $19.64.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings data on Monday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.32). The firm had revenue of $48.31 million during the quarter, compared to analysts' expectations of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. On average, research analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 5,600 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was bought at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the acquisition, the chief executive officer directly owned 316,378 shares in the company, valued at $5,672,657.54. The trade was a 1.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTST. Wells Fargo & Company upped their price objective on NETSTREIT from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Stifel Nicolaus lifted 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. Berenberg Bank began coverage on shares of NETSTREIT in a research note on Monday, October 13th. They issued a "buy" rating and a $22.00 price objective for the company. Mizuho lifted their target price on shares of NETSTREIT from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Finally, UBS Group upped their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.55.

View Our Latest Research Report on NETSTREIT

NETSTREIT Profile

(Free Report)

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.

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