NETSTREIT (NYSE:NTST) CEO Mark Manheimer Acquires 5,000 Shares

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer acquired 5,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $19.19 per share, with a total value of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NETSTREIT Trading Up 1.3%

NTST traded up $0.26 during trading on Monday, reaching $19.46. 252,723 shares of the company’s stock were exchanged, compared to its average volume of 1,413,643. The firm has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $19.35. The stock has a market capitalization of $1.89 billion, a PE ratio of 149.74, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84. NETSTREIT Corp. has a one year low of $16.42 and a one 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 posted its quarterly earnings data on Monday, April 20th. The company reported $0.06 earnings per share 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 analyst estimates of $50.09 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, equities research analysts forecast that NETSTREIT Corp. will post 1.32 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.88 dividend. The ex-dividend date was Monday, June 1st. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a yield of 18.1%. NETSTREIT’s dividend payout ratio (DPR) is currently 676.92%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTST. Scotiabank dropped their price target on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday. BTIG Research lifted their target price on shares of NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company upped their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald lifted their price objective on NETSTREIT from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P grew its stake in NETSTREIT by 959.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after acquiring an additional 1,333 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NETSTREIT by 36.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $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 $44,000. Finally, Inspire Investing LLC bought a new stake in NETSTREIT during the 4th quarter valued at $45,000.

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.