Mark Manheimer Buys 5,000 Shares of NETSTREIT (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer acquired 5,000 shares of NETSTREIT stock in a transaction dated 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 completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $19.86 on Wednesday. The stock’s 50-day moving average is $20.28 and its 200 day moving average is $19.37. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 152.78, a P/E/G ratio of 2.50 and a beta of 0.84. NETSTREIT Corp. has a 1-year low of $16.42 and a 1-year high of $21.30. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81.

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

NETSTREIT Increases Dividend

The firm 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. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 17.7%. NETSTREIT’s dividend payout ratio is currently 676.92%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NTST shares. Truist Financial boosted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Mizuho lifted their price objective on NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Citigroup reissued a “neutral” rating on shares of NETSTREIT in a research note on Friday, April 24th. Stifel Nicolaus increased their target price on NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.30.

Institutional Trading of NETSTREIT

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. increased its holdings in 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 purchasing an additional 2,544,458 shares during the period. Millennium Management LLC grew its position in shares of NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of NETSTREIT in the 3rd quarter worth approximately $20,498,000. Hudson Bay Capital Management LP grew its position in shares of NETSTREIT by 35.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after buying an additional 986,842 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock valued at $63,813,000 after buying an additional 970,260 shares during the period.

NETSTREIT Company 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.