NETSTREIT Corp. (NYSE:NTST) Short Interest Down 54.2% in August

NETSTREIT Corp. (NYSE:NTST) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,287,340 shares, a decline of 54.2% from the August 15th total of 31,209,261 shares. Currently, 14.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,506,334 shares, the short-interest ratio is currently 5.7 days.

NETSTREIT Stock Performance

Shares of NTST traded down $0.24 on Tuesday, reaching $19.27. 1,437,567 shares of the company’s stock traded hands, compared to its average volume of 1,724,537. The stock’s 50 day simple moving average is $20.89 and its two-hundred day simple moving average is $20.47. The stock has a market cap of $1.96 billion, a PE ratio of 128.50, a PEG ratio of 2.53 and a beta of 0.80. NETSTREIT has a 52-week low of $17.02 and a 52-week high of $22.47. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $61.28 million during the quarter, compared to analysts’ expectations 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. On average, analysts forecast that NETSTREIT will post 1.3 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT’s payout ratio is 600.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NTST. UBS Group set a $22.00 price objective on shares of NETSTREIT in a report on Thursday, June 18th. Scotiabank reduced their target price on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Stifel Nicolaus increased their target price on shares of NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a report on Thursday, July 23rd. Robert W. Baird raised their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NETSTREIT in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT currently has an average rating of “Moderate Buy” and a consensus target price of $23.19.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the acquisition, the chief executive officer owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in NETSTREIT by 175.2% in the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after acquiring an additional 2,343 shares during the period. KBC Group NV purchased a new position in NETSTREIT in the first quarter valued at about $78,000. PNC Financial Services Group Inc. grew its position in shares of NETSTREIT by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after acquiring an additional 549 shares during the period. Ieq Capital LLC bought a new position in shares of NETSTREIT during the 2nd quarter valued at approximately $208,000. Finally, Caxton Associates LLP increased its stake in shares of NETSTREIT by 25.0% during the 1st quarter. Caxton Associates LLP now owns 14,085 shares of the company’s stock worth $265,000 after purchasing an additional 2,813 shares during the last quarter.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.