Sumitomo Mitsui Trust Group Inc. Has $5.28 Million Stock Position in NETSTREIT Corp. $NTST

Sumitomo Mitsui Trust Group Inc. lifted its position in NETSTREIT Corp. (NYSE:NTST) by 13.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,161 shares of the company’s stock after purchasing an additional 33,720 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.29% of NETSTREIT worth $5,275,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after buying an additional 28,441 shares in the last quarter. Amundi boosted its position in shares of NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NETSTREIT by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after acquiring an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after acquiring an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NETSTREIT by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock valued at $8,995,000 after purchasing an additional 42,121 shares in the last quarter.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 5,000 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total value of $149,953.20. Following the sale, the director directly owned 18,344 shares in the company, valued at approximately $382,472.40. This trade represents a 28.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.66% of the stock is currently owned by company insiders.

NETSTREIT Stock Down 1.2%

NTST opened at $21.40 on Wednesday. NETSTREIT Corp. has a 1-year low of $17.02 and a 1-year high of $22.05. The stock’s fifty day simple moving average is $20.53 and its 200 day simple moving average is $19.79. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.08 billion, a PE ratio of 164.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.09 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. As a group, research analysts expect that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date was Monday, June 1st. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio (DPR) is currently 676.92%.

Wall Street Analyst Weigh In

NTST has been the subject of a number of recent research reports. Citigroup reaffirmed a “neutral” rating on shares of NETSTREIT in a research report on Friday, April 24th. Stifel Nicolaus raised their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Jefferies Financial Group started coverage on NETSTREIT in a research report on Monday, June 1st. They issued a “buy” rating and a $23.00 target price on the stock. UBS Group set a $22.00 price target on NETSTREIT in a research report on Thursday, June 18th. Finally, Cantor Fitzgerald raised their price target on NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.45.

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.