Nordea Investment Management AB Has $7.69 Million Stock Position in NETSTREIT Corp. $NTST

Key Points

• Nordea Investment Management AB cut its NETSTREIT stake by 11.9% in Q4 to 436,728 shares, worth about $7.69 million.
• Earnings and dividend: NETSTREIT missed EPS ($0.02 vs. $0.33 expected) and raised its quarterly dividend to $0.22 (annualized $0.88, ~4.7% yield977.78%, raising sustainability questions.
• Institutional and analyst sentiment: Several large institutions increased holdings (Vanguard, Principal, Hudson Bay, Millennium, Centersquare) while analysts have lifted targets and the consensus rating is a Moderate Buy with an average price target of $21.58 (some targets $22–$24).

Nordea Investment Management AB lowered its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,728 shares of the company's stock after selling 58,790 shares during the quarter. Nordea Investment Management AB owned 0.52% of NETSTREIT worth $7,691,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NTST. 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 purchasing an additional 646,153 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NETSTREIT by 11.9% during the third quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company's stock worth $161,783,000 after buying an additional 955,951 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in NETSTREIT by 35.1% during the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company's stock worth $68,531,000 after buying an additional 986,842 shares in the last quarter. Millennium Management LLC increased its holdings in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company's stock valued at $68,450,000 after buying an additional 1,782,158 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in shares of NETSTREIT by 37.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company's stock valued at $63,813,000 after buying an additional 970,260 shares in the last quarter.

NETSTREIT Stock Down 1.8%

Shares of NYSE NTST opened at $18.68 on Thursday. NETSTREIT Corp. has a 52-week low of $14.00 and a 52-week high of $21.30. 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 business has a fifty day moving average of $19.60 and a two-hundred day moving average of $18.63. The stock has a market cap of $1.81 billion, a PE ratio of 207.50, a PEG ratio of 2.96 and a beta of 0.86.

NETSTREIT (NYSE:NTST - Get Free Report) last posted its 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 firm had revenue of $52.50 million during the quarter, compared to the consensus estimate of $50.98 million. NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%. As a group, equities research analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.22 per share. This is a positive change from NETSTREIT's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT's payout ratio is currently 977.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NTST. Scotiabank raised their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, March 2nd. Cantor Fitzgerald increased 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. UBS Group increased their price target on shares of NETSTREIT from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, March 9th. BTIG Research lifted their price objective on NETSTREIT from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of NETSTREIT in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.58.

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.

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