Hsbc Holdings PLC Takes $9.58 Million Position in NETSTREIT Corp. $NTST

Hsbc Holdings PLC bought a new position in NETSTREIT Corp. (NYSE:NTST) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 448,926 shares of the company’s stock, valued at approximately $9,579,000. Hsbc Holdings PLC owned approximately 0.44% of NETSTREIT at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in NETSTREIT by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after buying an additional 549 shares in the last quarter. CWM LLC raised its stake in NETSTREIT by 9.8% during the fourth quarter. CWM LLC now owns 6,841 shares of the company’s stock worth $121,000 after acquiring an additional 608 shares in the last quarter. Amundi raised its stake in NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares in the last quarter. Mariner LLC lifted its holdings in shares of NETSTREIT by 3.6% during the fourth quarter. Mariner LLC now owns 20,725 shares of the company’s stock valued at $366,000 after acquiring an additional 722 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of NETSTREIT by 12.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 6,719 shares of the company’s stock valued at $119,000 after acquiring an additional 770 shares during the period.

Insider Buying and Selling

In related news, CEO Mark Manheimer acquired 5,000 shares of the stock in a transaction on 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 transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NTST. Robert W. Baird boosted their target price 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. Stifel Nicolaus lifted their price target on shares of NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company boosted 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. Truist Financial boosted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets raised their price objective on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.19.

NETSTREIT Price Performance

NETSTREIT stock opened at $20.49 on Friday. 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 firm has a market cap of $2.08 billion, a P/E ratio of 136.60, a P/E/G ratio of 2.65 and a beta of 0.81. The business’s fifty day moving average is $21.13 and its two-hundred day moving average is $20.46. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47.

NETSTREIT (NYSE:NTST) last announced its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The business had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities research analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 dividend on an annualized basis and a yield of 4.4%. NETSTREIT’s dividend payout ratio is currently 586.67%.

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.