Hsbc Holdings PLC Boosts Stock Position in NETSTREIT Corp. $NTST

Hsbc Holdings PLC boosted its position in NETSTREIT Corp. (NYSE:NTST) by 49.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 230,682 shares of the company’s stock after purchasing an additional 76,181 shares during the quarter. Hsbc Holdings PLC’s holdings in NETSTREIT were worth $4,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of NETSTREIT by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 9,226,348 shares of the company’s stock worth $162,753,000 after buying an additional 268,275 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of NETSTREIT by 171.6% in 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 last quarter. Hudson Bay Capital Management LP lifted its stake in shares of NETSTREIT by 4.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock valued at $69,791,000 after buying an additional 161,787 shares during the period. Millennium Management LLC lifted its stake in shares of NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after buying an additional 1,782,158 shares during the period. Finally, Centersquare Investment Management LLC boosted its position in NETSTREIT by 3.4% during the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock worth $64,449,000 after acquiring an additional 120,170 shares during the last quarter.

Insider Transactions at NETSTREIT

In related news, Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total transaction of $149,953.20. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Manheimer purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired 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 $7,968,839.40. This trade represents a 1.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is currently owned by insiders.

NETSTREIT Trading Down 1.2%

Shares of NTST opened at $21.62 on Friday. NETSTREIT Corp. has a twelve month low of $16.73 and a twelve month high of $22.05. The firm has a market capitalization of $2.10 billion, a P/E ratio of 166.36, a price-to-earnings-growth ratio of 2.82 and a beta of 0.82. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $20.47 and its 200 day simple moving average is $19.70.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $57.06 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date was Monday, June 1st. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio (DPR) is presently 676.92%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NTST shares. Stifel Nicolaus lifted their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Truist Financial raised their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, May 11th. UBS Group set a $22.00 price objective on NETSTREIT in a research report on Thursday, June 18th. Scotiabank dropped their target price 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. Finally, Raymond James Financial lowered NETSTREIT from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, March 17th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

NETSTREIT 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.