Hsbc Holdings PLC Grows Position in NETSTREIT Corp. $NTST

Hsbc Holdings PLC increased its stake in shares of NETSTREIT Corp. (NYSE:NTST) by 33.3% in the second quarter, Holdings Channel.com reports. The fund owned 448,926 shares of the company’s stock after purchasing an additional 112,169 shares during the period. Hsbc Holdings PLC’s holdings in NETSTREIT were worth $9,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Loomis Sayles & Co. L P lifted its stake in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of NETSTREIT by 1,123.3% during the second 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. Kestra Advisory Services LLC purchased a new position in shares of NETSTREIT during the fourth quarter valued at about $44,000. Inspire Investing LLC bought a new stake in shares of NETSTREIT in the fourth quarter worth about $45,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of NETSTREIT in the fourth quarter worth about $64,000.

NETSTREIT Stock Performance

NYSE NTST opened at $20.02 on Thursday. The company has a market cap of $2.03 billion, a P/E ratio of 133.50, a P/E/G ratio of 2.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The business’s 50 day moving average price is $21.06 and its 200-day moving average price is $20.49. NETSTREIT Corp. has a fifty-two week low of $17.02 and a fifty-two week high of $22.47.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $61.28 million during the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Sell-side analysts predict that NETSTREIT Corp. will post 1.3 earnings per share for the current year.

NETSTREIT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.5%. NETSTREIT’s dividend payout ratio is currently 600.00%.

Analyst Upgrades and Downgrades

NTST has been the subject of a number of research reports. Scotiabank dropped their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Wells Fargo & Company increased their target price on NETSTREIT from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. BTIG Research raised their target price on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, June 26th. Robert W. Baird upped their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald lifted their price objective on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.19.

Insider Activity

In other news, CEO Mark Manheimer bought 5,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the acquisition, the chief executive officer owned 415,260 shares of the company’s stock, valued at $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.

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.