Tudor Investment Corp ET AL Sells 120,137 Shares of NETSTREIT Corp. $NTST

Key Points

• Tudor Investment Corp ET AL cut its stake in NETSTREIT by 64.1%, selling 120,137 shares in Q3 and now holds 67,288 shares valued at about $1.22 million.
• Several analysts raised price targets (e.g., UBS to $24, Cantor Fitzgerald to $22, Truist to $21), leaving a consensus rating of "Moderate Buy" with an average target of $21.58 (11 Buys, 2 Holds).
• NETSTREIT raised its quarterly dividend to $0.22 (annualized $0.88) for a ~4.4% yield, but the reported payout ratio is an unusually high 977.78%, signalling potential sustainability concerns.

Tudor Investment Corp ET AL cut its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 64.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,288 shares of the company's stock after selling 120,137 shares during the quarter. Tudor Investment Corp ET AL owned 0.08% of NETSTREIT worth $1,215,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock worth $30,000 after purchasing an additional 1,640 shares during the period. CWM LLC increased its holdings in shares of NETSTREIT by 33.0% during the third quarter. CWM LLC now owns 6,233 shares of the company's stock worth $113,000 after purchasing an additional 1,546 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of NETSTREIT by 39.1% during the third quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company's stock worth $132,000 after purchasing an additional 2,051 shares during the period. Quadrant Capital Group LLC bought a new position in shares of NETSTREIT during the third quarter worth approximately $159,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of NETSTREIT during the third quarter worth approximately $183,000.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial increased their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, March 23rd. Scotiabank increased their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of NETSTREIT in a research report on Friday, March 27th. 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. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.58.

NETSTREIT Stock Performance

NYSE NTST opened at $20.15 on Tuesday. 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 firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 223.89, a P/E/G ratio of 3.15 and a beta of 0.88. The firm's 50 day simple moving average is $19.85 and its 200 day simple moving average is $18.75. NETSTREIT Corp. has a 1 year low of $15.23 and a 1 year high of $21.30.

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 analysts' consensus estimates of $0.33 by ($0.31). The company had revenue of $52.50 million for 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, research analysts expect that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a boost from NETSTREIT's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.4%. NETSTREIT's payout ratio is presently 977.78%.

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.

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