Sumitomo Mitsui Trust Group Inc. Has $5.28 Million Holdings in NETSTREIT Corp. $NTST

Sumitomo Mitsui Trust Group Inc. increased its holdings in NETSTREIT Corp. (NYSE:NTST) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,161 shares of the company’s stock after purchasing an additional 33,720 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NETSTREIT were worth $5,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P grew 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after acquiring an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after buying an additional 650 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of NETSTREIT during the 4th quarter worth approximately $44,000. Finally, Inspire Investing LLC purchased a new stake in NETSTREIT during the fourth quarter worth about $45,000.

NETSTREIT Price Performance

NYSE NTST opened at $21.40 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81. NETSTREIT Corp. has a 12 month low of $17.02 and a 12 month high of $22.05. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 164.66, a PEG ratio of 2.79 and a beta of 0.82. The company’s 50 day moving average is $20.53 and its two-hundred day moving average is $19.79.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, research analysts anticipate that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently declared 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 a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date of this dividend was Monday, June 1st. NETSTREIT’s payout ratio is 676.92%.

Insider Transactions at NETSTREIT

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total value of $149,953.20. Following the transaction, the director directly owned 18,344 shares in the company, valued at $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Manheimer acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $19.19 per share, with a total value of $95,950.00. Following the purchase, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NTST has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a report on Tuesday, April 21st. Raymond James Financial cut shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $22.00 in a report on Tuesday, March 17th. BTIG Research raised their target price 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. Citigroup reissued a “neutral” rating on shares of NETSTREIT in a research report on Friday, April 24th. Finally, Robert W. Baird lifted their target price on NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.45.

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.