NETSTREIT Corp. $NTST Holdings Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of NETSTREIT Corp. (NYSE:NTST) by 36.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,762 shares of the company’s stock after selling 57,751 shares during the period. Thrivent Financial for Lutherans’ holdings in NETSTREIT were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in NETSTREIT by 1,123.3% during the 2nd 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. grew 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. Fulcrum Asset Management LLP purchased a new position in shares of NETSTREIT during the 4th quarter valued at $64,000. CWM LLC grew its holdings in shares of NETSTREIT by 9.8% during the 4th quarter. CWM LLC now owns 6,841 shares of the company’s stock valued at $121,000 after acquiring an additional 608 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of NETSTREIT by 39.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock valued at $132,000 after acquiring an additional 2,051 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NTST shares. Cantor Fitzgerald boosted their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Robert W. Baird boosted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Scotiabank boosted their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. BTIG Research boosted their price target on shares of NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus boosted their price target on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a report on Tuesday, April 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.25.

NETSTREIT Trading Down 1.4%

Shares of NYSE:NTST opened at $20.06 on Thursday. The stock has a market capitalization of $1.95 billion, a PE ratio of 154.32, a P/E/G ratio of 2.75 and a beta of 0.85. NETSTREIT Corp. has a 1 year low of $15.68 and a 1 year high of $21.30. The firm has a fifty day moving average price of $20.06 and a 200 day moving average price of $19.14. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81.

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 analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $57.06 million during the quarter, compared to the consensus estimate 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. Analysts expect that NETSTREIT Corp. will post 1.3 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.88 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 dividend on an annualized basis and a yield of 17.5%. The ex-dividend date is Monday, June 1st. NETSTREIT’s dividend payout ratio is currently 676.92%.

Insider Transactions at NETSTREIT

In related 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 value of $149,953.20. Following the completion of the sale, the director directly owned 18,344 shares in the company, valued at approximately $382,472.40. This represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

NETSTREIT 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.