NETSTREIT (NYSE:NTST) CEO Acquires $95,950.00 in Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer acquired 5,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the acquisition, the chief executive officer owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

NETSTREIT Stock Performance

Shares of NTST stock traded up $0.26 during midday trading on Monday, hitting $19.46. 252,723 shares of the company were exchanged, compared to its average volume of 1,413,643. NETSTREIT Corp. has a 52 week low of $16.42 and a 52 week high of $21.30. The firm has a market capitalization of $1.89 billion, a P/E ratio of 149.74, a PEG ratio of 2.45 and a beta of 0.84. The firm’s 50 day moving average price is $20.30 and its two-hundred day moving average price is $19.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings data 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). NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.The company had revenue of $57.06 million for the quarter, compared to analyst estimates of $50.09 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, equities research analysts anticipate that NETSTREIT Corp. will post 1.32 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.88 dividend. 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 18.1%. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s payout ratio is currently 676.92%.

Analysts Set New Price Targets

NTST has been the subject of several analyst reports. Mizuho lifted their price objective on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Jefferies Financial Group initiated coverage on NETSTREIT in a research note on Monday, June 1st. They issued a “buy” rating and a $23.00 price target for the company. BMO Capital Markets started coverage on NETSTREIT in a research note on Friday, April 17th. They set an “outperform” rating and a $24.00 price objective on the stock. Citigroup reaffirmed a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. Finally, Truist Financial increased their target price on NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NETSTREIT presently has an average rating of “Moderate Buy” and an average target price of $22.30.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P boosted its position in NETSTREIT by 959.0% in the fourth 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 lifted its stake in shares of NETSTREIT by 1,123.3% in the 2nd 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 valued at $43,000 after acquiring an additional 650 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in NETSTREIT during the 4th quarter worth $44,000. Finally, Inspire Investing LLC acquired a new position in NETSTREIT in the 4th quarter worth about $45,000.

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.