NETSTREIT Corp. $NTST Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its position in shares of NETSTREIT Corp. (NYSE:NTST) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 810,113 shares of the company’s stock after selling 61,115 shares during the period. Tributary Capital Management LLC’s holdings in NETSTREIT were worth $13,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hohimer Wealth Management LLC increased its holdings in shares of NETSTREIT by 6.2% during the 1st quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company’s stock worth $183,000 after buying an additional 677 shares during the last quarter. Amundi increased its holdings in shares of NETSTREIT by 1.6% during the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after buying an additional 704 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of NETSTREIT by 4.2% during the 1st quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock worth $371,000 after buying an additional 945 shares during the last quarter. CWM LLC increased its holdings in shares of NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after buying an additional 989 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of NETSTREIT by 4.4% during the 1st quarter. American Century Companies Inc. now owns 25,465 shares of the company’s stock worth $404,000 after buying an additional 1,065 shares during the last quarter.

NETSTREIT Stock Performance

Shares of NTST stock opened at $19.30 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. NETSTREIT Corp. has a one year low of $13.42 and a one year high of $19.62. The company’s 50-day simple moving average is $18.38 and its 200-day simple moving average is $17.25. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -241.19, a PEG ratio of 3.10 and a beta of 0.90.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer purchased 5,600 shares of NETSTREIT stock in a transaction dated Friday, September 5th. The shares were acquired at an average price of $17.93 per share, with a total value of $100,408.00. Following the completion of the transaction, the chief executive officer owned 316,378 shares of the company’s stock, valued at approximately $5,672,657.54. This trade represents a 1.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of NETSTREIT in a research report on Monday, October 13th. They set a “buy” rating and a $22.00 price target for the company. Mizuho upped their price target 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. Robert W. Baird upped their price target on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NETSTREIT in a research report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price target on shares of NETSTREIT in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

About NETSTREIT

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.