NETSTREIT (NYSE:NTST) CEO Mark Manheimer Buys 5,000 Shares

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer bought 5,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $19.19 per share, with a total value of $95,950.00. Following the transaction, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. This represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NETSTREIT Trading Up 1.2%

NTST opened at $19.43 on Tuesday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81. NETSTREIT Corp. has a 52 week low of $16.42 and a 52 week high of $21.30. The stock has a market cap of $1.89 billion, a PE ratio of 149.45, a PEG ratio of 2.45 and a beta of 0.84. The business has a 50 day moving average of $20.29 and a 200-day moving average of $19.36.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $57.06 million during the quarter, compared to analysts’ expectations of $50.09 million. NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Equities research analysts predict that NETSTREIT Corp. will post 1.32 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 18.1%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s payout ratio is currently 676.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial cut shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $21.00 to $22.00 in a research report on Tuesday, March 17th. Weiss Ratings raised shares of NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Stifel Nicolaus lifted their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a report on Tuesday, April 21st. BTIG Research lifted their target price on shares of NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Scotiabank dropped their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average target price of $22.30.

Hedge Funds Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTST. Vanguard Group Inc. grew its holdings 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 worth $161,841,000 after acquiring an additional 646,153 shares during the period. Easterly Investment Partners LLC bought a new position in NETSTREIT in the fourth quarter valued at about $9,422,000. Hudson Bay Capital Management LP boosted its position in NETSTREIT by 35.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after purchasing an additional 986,842 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in NETSTREIT in the third quarter worth about $3,277,000. Finally, APG Asset Management US Inc. grew its stake in shares of NETSTREIT by 8.7% during the 3rd quarter. APG Asset Management US Inc. now owns 956,127 shares of the company’s stock valued at $17,478,000 after purchasing an additional 76,250 shares during the period.

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.