NETSTREIT Corp. (NYSE:NTST) to Issue $0.23 Quarterly Dividend

NETSTREIT Corp. (NYSE:NTST) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.225 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

NETSTREIT has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. NETSTREIT has a payout ratio of 310.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NETSTREIT to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 64.7%.

NETSTREIT Trading Down 0.1%

NYSE NTST opened at $20.49 on Friday. The stock has a market cap of $2.08 billion, a P/E ratio of 136.60, a price-to-earnings-growth ratio of 2.64 and a beta of 0.81. NETSTREIT has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The stock has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $20.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55.

NETSTREIT (NYSE:NTST) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, analysts forecast that NETSTREIT will post 1.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mark Manheimer purchased 5,000 shares of NETSTREIT stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $19.19 per share, with a total value of $95,950.00. Following the completion of the purchase, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Institutional Trading of NETSTREIT

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of NETSTREIT in the 2nd quarter worth about $404,780,000. Principal Financial Group Inc. lifted its position in NETSTREIT by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after acquiring an additional 309,453 shares during the period. Alyeska Investment Group L.P. boosted its stake in NETSTREIT by 171.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after acquiring an additional 2,544,458 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in NETSTREIT by 4.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock worth $69,791,000 after acquiring an additional 161,787 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after purchasing an additional 1,782,158 shares during the period.

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.