Dimensional Fund Advisors LP boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST – Free Report) by 10.5% in the first quarter, Holdings Channel.com reports. The fund owned 1,277,708 shares of the company’s stock after acquiring an additional 121,770 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NETSTREIT were worth $24,060,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its holdings in shares of NETSTREIT by 959.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 buying an additional 650 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in NETSTREIT in the 4th quarter valued at about $44,000. Finally, Inspire Investing LLC purchased a new stake in NETSTREIT in the 4th quarter valued at about $45,000.
Analysts Set New Price Targets
NTST has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Stifel Nicolaus lifted their price target on shares of NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. Wells Fargo & Company increased their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group restated a “buy” rating and set a $25.00 price objective on shares of NETSTREIT in a report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NETSTREIT has a consensus rating of “Moderate Buy” and a consensus price target of $23.19.
Insiders Place Their Bets
In other news, CEO Mark Manheimer acquired 5,000 shares of NETSTREIT stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, with a total value of $95,950.00. Following the acquisition, the chief executive officer owned 415,260 shares in the company, valued at $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by company insiders.
NETSTREIT Price Performance
Shares of NTST stock opened at $21.04 on Friday. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47. The stock has a market capitalization of $2.14 billion, a PE ratio of 140.25, a PEG ratio of 2.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The stock’s fifty day moving average is $20.93 and its 200-day moving average is $20.27.
NETSTREIT (NYSE:NTST – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities research analysts expect that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.
NETSTREIT Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s payout ratio is 586.67%.
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.
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