Principal Financial Group Inc. Boosts Stake in NETSTREIT Corp. $NTST

Principal Financial Group Inc. raised its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 3.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 9,535,801 shares of the company’s stock after buying an additional 309,453 shares during the period. Principal Financial Group Inc. owned 0.10% of NETSTREIT worth $179,560,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NTST. Royal Bank of Canada boosted its stake 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 valued at $582,000 after acquiring an additional 28,441 shares during the last quarter. Amundi raised its stake in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after purchasing an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NETSTREIT by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after purchasing an additional 4,501 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after purchasing an additional 17,188 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NETSTREIT by 8.0% in the 1st 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.

NETSTREIT Trading Down 1.2%

Shares of NTST opened at $21.40 on Wednesday. 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 firm has a market capitalization of $2.08 billion, a P/E ratio of 164.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The stock’s fifty day simple moving average is $20.53 and its 200 day simple moving average is $19.79. NETSTREIT Corp. has a twelve month low of $17.02 and a twelve month high of $22.05.

NETSTREIT (NYSE:NTST) last issued its earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. The firm had revenue of $57.06 million during the quarter, compared to analyst estimates of $50.09 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, equities research analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.88 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.52 annualized dividend and a dividend yield of 16.4%. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is presently 676.92%.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $19.19 per share, with a total value of $95,950.00. Following the transaction, the chief executive officer owned 415,260 shares in the company, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 18,344 shares in the company, valued at $382,472.40. The trade was a 28.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

NTST has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets started coverage on shares of NETSTREIT in a research note on Friday, April 17th. They set an “outperform” rating and a $24.00 price objective on the stock. Citigroup restated a “neutral” rating on shares of NETSTREIT in a research report on Friday, April 24th. Jefferies Financial Group initiated coverage on shares of NETSTREIT in a research note on Monday, June 1st. They issued a “buy” rating and a $23.00 target price for the company. Finally, UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.45.

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.