Hsbc Holdings PLC Buys 76,181 Shares of NETSTREIT Corp. $NTST

Hsbc Holdings PLC lifted its stake in NETSTREIT Corp. (NYSE:NTST) by 49.3% in the 4th quarter, HoldingsChannel reports. The fund owned 230,682 shares of the company’s stock after purchasing an additional 76,181 shares during the quarter. Hsbc Holdings PLC’s holdings in NETSTREIT were worth $4,064,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its position in NETSTREIT by 959.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after purchasing an additional 650 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of NETSTREIT during the fourth quarter valued at about $44,000. Finally, Inspire Investing LLC purchased a new stake in shares of NETSTREIT during the fourth quarter valued at about $45,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of NETSTREIT in a report on Friday, April 17th. They issued an “outperform” rating and a $24.00 price target on the stock. Raymond James Financial cut shares of NETSTREIT from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $21.00 to $22.00 in a research report on Tuesday, March 17th. Mizuho raised their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Jefferies Financial Group began coverage on shares of NETSTREIT in a report on Monday, June 1st. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.45.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $19.19 per share, with a total value 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. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the company’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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

NETSTREIT Stock Up 2.1%

NETSTREIT stock opened at $21.20 on Friday. The business’s 50-day simple moving average is $20.32 and its two-hundred day simple moving average is $19.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market cap of $2.06 billion, a PE ratio of 163.10, a PEG ratio of 2.73 and a beta of 0.84. NETSTREIT Corp. has a fifty-two week low of $16.45 and a fifty-two week high of $21.30.

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 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 firm had revenue of $57.06 million during the quarter, compared to analysts’ expectations of $50.09 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current year.

NETSTREIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.88 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 1st. This represents a $3.52 annualized dividend and a yield of 16.6%. NETSTREIT’s dividend payout ratio is currently 676.92%.

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.