Sumitomo Mitsui Trust Group Inc. Has $27.34 Million Position in NETSTREIT Corp. $NTST

Sumitomo Mitsui Trust Group Inc. lessened its holdings in NETSTREIT Corp. (NYSE:NTST) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,513,687 shares of the company’s stock after selling 735,660 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 1.81% of NETSTREIT worth $27,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in 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 purchasing an additional 28,441 shares in the last quarter. Amundi lifted its position in shares of NETSTREIT by 1.6% during the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after buying an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. grew its position in NETSTREIT by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $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 grew its position in 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 acquiring an additional 42,121 shares during the period.

Analysts Set New Price Targets

NTST has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Mizuho reduced their price target on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Stifel Nicolaus raised their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of NETSTREIT in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.36.

NETSTREIT Stock Up 1.3%

NYSE:NTST opened at $18.45 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -1,844,500.00, a P/E/G ratio of 3.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. The stock’s fifty day moving average price is $17.77 and its two-hundred day moving average price is $18.09. NETSTREIT Corp. has a 52-week low of $13.74 and a 52-week high of $19.64.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, October 27th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.32). The firm had revenue of $48.31 million for the quarter, compared to the consensus estimate of $47.78 million. NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%.NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. On average, analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.215 per share. The ex-dividend date was Monday, December 1st. This represents a $0.86 annualized dividend and a dividend yield of 4.7%.

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.