Sterling Capital Management LLC Decreases Stake in NETSTREIT Corp. $NTST

Sterling Capital Management LLC cut its position in shares of NETSTREIT Corp. (NYSE:NTST) by 37.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,416 shares of the company’s stock after selling 27,562 shares during the period. Sterling Capital Management LLC’s holdings in NETSTREIT were worth $855,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in NETSTREIT by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 9,226,348 shares of the company’s stock worth $162,753,000 after acquiring an additional 268,275 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of NETSTREIT by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock valued at $161,841,000 after acquiring an additional 646,153 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of NETSTREIT by 171.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after acquiring an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of NETSTREIT by 4.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock valued at $69,791,000 after purchasing an additional 161,787 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after purchasing an additional 1,782,158 shares in the last quarter.

Insider Activity

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the firm’s stock in a transaction dated 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 owned 18,344 shares in the company, valued at approximately $382,472.40. This trade represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Manheimer purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $19.19 per share, with a total value of $95,950.00. Following the completion of the purchase, 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 position. The disclosure for this purchase is available in the SEC filing. 0.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NTST shares. BTIG Research upped their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Stifel Nicolaus lifted their price objective on shares of NETSTREIT from $21.00 to $22.25 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho boosted their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Citigroup restated a “neutral” rating on shares of NETSTREIT in a research report on Friday, April 24th. Finally, Truist Financial increased their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.45.

NETSTREIT Stock Performance

NYSE NTST opened at $21.17 on Wednesday. The business’s 50 day moving average price is $20.35 and its 200-day moving average price is $19.50. NETSTREIT Corp. has a fifty-two week low of $16.71 and a fifty-two week high of $21.56. The company has a market cap of $2.06 billion, a P/E ratio of 162.85, a P/E/G ratio of 2.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results 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 company had revenue of $57.06 million during 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. Sell-side analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.88 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a dividend yield of 16.6%. The ex-dividend date of this dividend was Monday, June 1st. NETSTREIT’s payout ratio is currently 676.92%.

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.