Insider Buying: NETSTREIT (NYSE:NTST) CEO Buys $95,950.00 in Stock

NETSTREIT Corp. (NYSE:NTST) CEO Mark Manheimer bought 5,000 shares of the business’s 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 directly owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NETSTREIT Price Performance

NTST stock opened at $20.38 on Thursday. The firm has a 50 day moving average price of $20.29 and a 200-day moving average price of $19.39. NETSTREIT Corp. has a 52-week low of $16.42 and a 52-week high of $21.30. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 156.80, a PEG ratio of 2.56 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 posted its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share 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 company 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. Equities research analysts forecast that NETSTREIT Corp. will post 1.31 EPS 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 given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 17.3%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, June 1st. NETSTREIT’s dividend payout ratio (DPR) is presently 676.92%.

Institutional Investors Weigh In On NETSTREIT

Several institutional investors and hedge funds have recently modified their holdings of NTST. Alyeska Investment Group L.P. boosted its position in shares of NETSTREIT by 171.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after buying an additional 2,544,458 shares during the period. Millennium Management LLC raised 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 worth $68,450,000 after buying an additional 1,782,158 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of NETSTREIT in the third quarter worth approximately $20,498,000. Hudson Bay Capital Management LP lifted its stake in shares of NETSTREIT by 35.1% during the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after acquiring an additional 986,842 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in shares of NETSTREIT by 37.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after acquiring an additional 970,260 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have commented on NTST shares. Jefferies Financial Group started coverage on NETSTREIT in a research report on Monday, June 1st. They issued a “buy” rating and a $23.00 price target for the company. Robert W. Baird boosted their price objective on NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. BMO Capital Markets began coverage on shares of NETSTREIT in a report on Friday, April 17th. They issued an “outperform” rating and a $24.00 target price for the company. Mizuho raised their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.30.

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.