Quantinno Capital Management LP raised its position in NETSTREIT Corp. (NYSE:NTST – Free Report) by 172.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 176,918 shares of the company’s stock after buying an additional 112,088 shares during the quarter. Quantinno Capital Management LP’s holdings in NETSTREIT were worth $3,331,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P raised its position in shares of NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after buying an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares in the last quarter. Kestra Advisory Services LLC bought a new position in NETSTREIT in the fourth quarter valued at approximately $44,000. Finally, Inspire Investing LLC bought a new position in NETSTREIT in the fourth quarter valued at approximately $45,000.
Analyst Ratings Changes
Several research firms have weighed in on NTST. Cantor Fitzgerald upped their target price on NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Scotiabank decreased their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Citigroup reiterated a “neutral” rating on shares of NETSTREIT in a research note on Friday, April 24th. BTIG Research boosted their price target on NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Truist Financial upped their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus target price of $23.19.
Insider Transactions at NETSTREIT
In other NETSTREIT news, CEO Mark Manheimer purchased 5,000 shares of the firm’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 transaction, the chief executive officer owned 415,260 shares in the company, valued at $7,968,839.40. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.
NETSTREIT Price Performance
NETSTREIT stock opened at $20.69 on Friday. The stock has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $20.27. NETSTREIT Corp. has a 12 month low of $17.02 and a 12 month high of $22.47. The company has a market capitalization of $2.10 billion, a PE ratio of 137.95, a P/E/G ratio of 2.66 and a beta of 0.81. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88.
NETSTREIT (NYSE:NTST – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The firm had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Analysts expect that NETSTREIT Corp. will post 1.31 EPS for the current year.
NETSTREIT Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT’s payout ratio is presently 586.67%.
NETSTREIT Company 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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