NETSTREIT Corp. (NYSE:NTST) Short Interest Update

NETSTREIT Corp. (NYSE:NTST) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 14,287,340 shares, a decline of 54.2% from the August 15th total of 31,209,261 shares. Approximately 14.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,506,334 shares, the days-to-cover ratio is presently 5.7 days.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer bought 5,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was purchased at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the purchase, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTST. PNC Financial Services Group Inc. lifted its stake in NETSTREIT by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock worth $85,000 after acquiring an additional 549 shares during the period. Amundi raised its holdings in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares in the last quarter. Mariner LLC raised its holdings in NETSTREIT by 3.6% in the 4th quarter. Mariner LLC now owns 20,725 shares of the company’s stock worth $366,000 after purchasing an additional 722 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of NETSTREIT by 12.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 6,719 shares of the company’s stock worth $119,000 after purchasing an additional 770 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of NETSTREIT by 3.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after purchasing an additional 945 shares during the period.

NETSTREIT Trading Up 0.1%

NYSE NTST opened at $19.66 on Monday. The business has a 50 day simple moving average of $20.99 and a 200 day simple moving average of $20.48. The stock has a market capitalization of $2.00 billion, a P/E ratio of 131.10, a P/E/G ratio of 2.55 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. NETSTREIT has a one year low of $17.02 and a one year high of $22.47.

NETSTREIT (NYSE:NTST) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The company had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Research analysts expect that NETSTREIT will post 1.3 earnings per share for the current year.

NETSTREIT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio (DPR) is currently 600.00%.

Analyst Ratings Changes

NTST has been the topic of a number of research reports. BTIG Research boosted their price objective on NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Stifel Nicolaus increased their target price on NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Robert W. Baird lifted their price target on NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and set a $25.00 price target on shares of NETSTREIT in a report on Wednesday, July 29th. Finally, BMO Capital Markets upped their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.19.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.