Sterling Capital Management LLC Sells 27,562 Shares of NETSTREIT Corp. $NTST

Sterling Capital Management LLC reduced its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 37.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,416 shares of the company’s stock after selling 27,562 shares during the period. Sterling Capital Management LLC’s holdings in NETSTREIT were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Easterly Investment Partners LLC purchased a new stake in shares of NETSTREIT in the 4th quarter worth $9,422,000. Vanguard Group Inc. raised its holdings in NETSTREIT by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock worth $161,841,000 after purchasing an additional 646,153 shares during the period. Hudson Bay Capital Management LP lifted its position in NETSTREIT by 35.1% during the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock valued at $68,531,000 after purchasing an additional 986,842 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in NETSTREIT by 111.3% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 342,800 shares of the company’s stock valued at $6,047,000 after purchasing an additional 180,600 shares in the last quarter. Finally, Davis Selected Advisers grew its holdings in NETSTREIT by 55.3% during the third quarter. Davis Selected Advisers now owns 342,410 shares of the company’s stock valued at $6,184,000 after purchasing an additional 121,900 shares during the period.

Insider Activity at NETSTREIT

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of NETSTREIT stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total transaction of $149,953.20. Following the sale, the director owned 18,344 shares in the company, valued at $382,472.40. This trade represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark Manheimer bought 5,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the acquisition, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. This represents a 1.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cantor Fitzgerald raised their price objective on NETSTREIT from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. UBS Group set a $22.00 price objective on NETSTREIT in a research note on Thursday, June 18th. Citigroup reissued a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. Truist Financial raised their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, BTIG Research upped their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus target price of $22.45.

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $21.17 on Wednesday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 162.85, a PEG ratio of 2.75 and a beta of 0.84. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $20.35 and its 200-day simple moving average is $19.50. NETSTREIT Corp. has a 52 week low of $16.71 and a 52 week high of $21.56.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $57.06 million for 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. As a group, analysts expect that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.88 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.52 dividend on an annualized basis and a yield of 16.6%. NETSTREIT’s payout ratio is 676.92%.

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.