Cbre Investment Management Listed Real Assets LLC Sells 523,199 Shares of NETSTREIT Corp. $NTST

Cbre Investment Management Listed Real Assets LLC lessened its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 50.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 506,241 shares of the company’s stock after selling 523,199 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in NETSTREIT were worth $8,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of NETSTREIT by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 9,226,348 shares of the company’s stock worth $162,753,000 after buying an additional 268,275 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NETSTREIT by 7.8% during the third quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock worth $161,841,000 after buying an additional 646,153 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in shares of NETSTREIT by 35.1% during the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after buying an additional 986,842 shares during the last quarter. Millennium Management LLC grew its stake in shares of NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in shares of NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after buying an additional 970,260 shares during the last quarter.

NETSTREIT Stock Down 2.4%

Shares of NYSE NTST opened at $19.77 on Tuesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 152.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. NETSTREIT Corp. has a 52-week low of $15.68 and a 52-week high of $21.30. 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’s 50 day moving average price is $20.08 and its 200-day moving average price is $19.18.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results 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 analyst estimates of $50.10 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. Equities analysts forecast that NETSTREIT Corp. will post 1.3 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 17.8%. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, June 1st. NETSTREIT’s payout ratio is currently 676.92%.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho boosted their target price 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. BMO Capital Markets initiated coverage on shares of NETSTREIT in a research note on Friday, April 17th. They set an “outperform” rating and a $24.00 target price on the stock. Truist Financial boosted 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, Robert W. Baird boosted their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.52.

Insider Buying and Selling

In other NETSTREIT news, 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 sale, the director owned 18,344 shares of the company’s stock, valued at approximately $382,472.40. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.

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.