Verition Fund Management LLC raised its position in NETSTREIT Corp. (NYSE:NTST – Free Report) by 1,360.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 771,031 shares of the company’s stock after buying an additional 718,231 shares during the period. Verition Fund Management LLC’s holdings in NETSTREIT were worth $13,601,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in NETSTREIT by 7.8% in the third quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock valued at $161,841,000 after purchasing an additional 646,153 shares during the last quarter. Hudson Bay Capital Management LP raised its position in shares of NETSTREIT by 35.1% during the third 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. Jupiter Asset Management Ltd. bought a new position in shares of NETSTREIT during the third quarter worth about $3,277,000. Easterly Investment Partners LLC bought a new position in shares of NETSTREIT during the fourth quarter worth about $9,422,000. Finally, APG Asset Management US Inc. raised its position in shares of NETSTREIT by 8.7% during the third quarter. APG Asset Management US Inc. now owns 956,127 shares of the company’s stock worth $17,478,000 after acquiring an additional 76,250 shares during the last quarter.
Insider Buying and Selling
In related news, Director Robin Mcbride Zeigler sold 7,192 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was 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 $382,472.40. This trade represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on NETSTREIT
NETSTREIT Trading Down 2.2%
NYSE NTST opened at $19.91 on Tuesday. The business has a 50 day simple moving average of $20.30 and a 200 day simple moving average of $19.31. NETSTREIT Corp. has a one year low of $16.14 and a one year high of $21.30. The stock has a market capitalization of $1.94 billion, a P/E ratio of 153.20, a P/E/G ratio of 2.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.
NETSTREIT (NYSE:NTST – Get Free Report) last released its earnings results on Monday, April 20th. The company reported $0.06 EPS 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 business had revenue of $57.06 million for the quarter, compared to analyst estimates of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Research analysts expect that NETSTREIT Corp. will post 1.31 earnings per share for the current year.
NETSTREIT Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.88 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a yield of 17.7%. The ex-dividend date of this dividend was Monday, June 1st. NETSTREIT’s payout ratio is 676.92%.
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.
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