Cohen & Steers Inc. Sells 528,366 Shares of NETSTREIT Corp. $NTST

Cohen & Steers Inc. cut its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 10.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,316,894 shares of the company’s stock after selling 528,366 shares during the quarter. Cohen & Steers Inc.’s holdings in NETSTREIT were worth $76,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in 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 purchasing an additional 646,153 shares during the last quarter. Allianz Asset Management GmbH grew its position in NETSTREIT by 76.1% during the third quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company’s stock valued at $1,435,000 after buying an additional 34,334 shares during the period. Hudson Bay Capital Management LP grew 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 buying an additional 986,842 shares during the period. Jupiter Asset Management Ltd. bought a new stake in NETSTREIT during the third quarter valued at approximately $3,277,000. Finally, Easterly Investment Partners LLC bought a new stake in NETSTREIT during the fourth quarter valued at approximately $9,422,000.

NETSTREIT Stock Up 0.7%

Shares of NTST stock opened at $20.32 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 156.35, a PEG ratio of 2.71 and a beta of 0.84. NETSTREIT Corp. has a one year low of $16.14 and a one year high of $21.30. The company’s fifty day moving average price is $20.29 and its 200-day moving average price is $19.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.10 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Sell-side analysts expect that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 17.3%. The ex-dividend date is Monday, June 1st. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s payout ratio is 676.92%.

Insider Activity at NETSTREIT

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the firm’s stock in a transaction 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 directly owned 18,344 shares in the company, valued at $382,472.40. This trade represents a 28.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NTST shares. BTIG Research boosted their target price on shares of NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Raymond James Financial lowered shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $22.00 in a research report on Tuesday, March 17th. Robert W. Baird boosted their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. BMO Capital Markets started coverage on shares of NETSTREIT in a research report on Friday, April 17th. They set an “outperform” rating and a $24.00 target price for the company. Finally, Citigroup restated a “neutral” rating on shares of NETSTREIT in a research report on Friday, April 24th. Thirteen equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.52.

NETSTREIT 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.