NETSTREIT Corp. (NYSE:NTST - Get Free Report) Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total value of $149,953.20. Following the transaction, the director owned 18,344 shares of the company's stock, valued at approximately $382,472.40. This represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NETSTREIT Stock Performance
Shares of NETSTREIT stock opened at $20.50 on Tuesday. The business has a 50-day moving average of $20.07 and a 200 day moving average of $18.91. NETSTREIT Corp. has a 12 month low of $15.23 and a 12 month high of $21.30. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 157.67, a price-to-earnings-growth ratio of 3.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.
NETSTREIT (NYSE:NTST - Get Free Report) last announced its earnings results on Monday, April 20th. The company reported $0.06 EPS 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 for the quarter, compared to analysts' expectations of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, sell-side analysts forecast that NETSTREIT Corp. will post 1.3 earnings per share for the current year.
NETSTREIT Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.88 per share. This is a positive change from NETSTREIT's previous quarterly dividend of $0.22. The ex-dividend date is Monday, June 1st. This represents a $3.52 dividend on an annualized basis and a yield of 17.2%. NETSTREIT's dividend payout ratio (DPR) is 676.92%.
Wall Street Analyst Weigh In
NTST has been the subject of a number of research analyst reports. Cantor Fitzgerald raised their target price on NETSTREIT from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Raymond James Financial cut NETSTREIT from a "strong-buy" rating to an "outperform" rating and raised their target price for the company from $21.00 to $22.00 in a report on Tuesday, March 17th. UBS Group raised their target price on NETSTREIT from $21.00 to $24.00 and gave the company a "buy" rating in a report on Monday, March 9th. Citigroup restated a "neutral" rating on shares of NETSTREIT in a report on Friday. Finally, Mizuho raised their target price on NETSTREIT from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, March 11th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NETSTREIT has a consensus rating of "Moderate Buy" and a consensus target price of $22.10.
View Our Latest Stock Analysis on NETSTREIT
Institutional Investors Weigh In On NETSTREIT
A number of hedge funds have recently bought and sold shares of NTST. Loomis Sayles & Co. L P raised its position in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company's stock valued at $26,000 after purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock valued at $30,000 after purchasing an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in NETSTREIT by 36.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company's stock valued at $43,000 after purchasing an additional 650 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in NETSTREIT in the 4th quarter valued at about $44,000. Finally, Inspire Investing LLC acquired a new stake in NETSTREIT in the 4th quarter valued at about $45,000.
About NETSTREIT
(
Get Free Report)
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.
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