NETSTREIT Corp. $NTST Stake Decreased by Thrivent Financial for Lutherans

Key Points

• Thrivent Financial for Lutherans cut its NETSTREIT stake by 36.9% in the fourth quarter, selling 57,751 shares and leaving it with 98,762 shares valued at about $1.74 million.
• NETSTREIT reported Q1 EPS of $0.06, missing estimates by a penny, but revenue came in at $57.06 million versus expectations of $50.10 million. The company also issued FY 2026 EPS guidance of 1.360 to 1.390.
• The company announced a higher quarterly dividend of $0.88 per share, up sharply from $0.22 previously, implying a 17.5% annualized yield. Meanwhile, analysts remain broadly bullish, with a consensus rating of Moderate Buy and an average target price of $22.25.

Thrivent Financial for Lutherans lessened its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,762 shares of the company's stock after selling 57,751 shares during the period. Thrivent Financial for Lutherans owned 0.12% of NETSTREIT worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTST. Royal Bank of Canada raised its holdings in NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company's stock worth $582,000 after purchasing an additional 28,441 shares in the last quarter. Amundi raised its holdings in NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company's stock worth $709,000 after purchasing an additional 704 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NETSTREIT by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company's stock worth $773,000 after purchasing an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company's stock worth $7,915,000 after purchasing an additional 17,188 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NETSTREIT by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company's stock worth $8,995,000 after purchasing an additional 42,121 shares in the last quarter.

Insiders Place Their Bets

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of NETSTREIT 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 transaction, the director directly owned 18,344 shares in the company, valued at approximately $382,472.40. The trade was a 28.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

NETSTREIT Price Performance

NYSE NTST opened at $20.06 on Thursday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 154.32, a P/E/G ratio of 2.75 and a beta of 0.85. NETSTREIT Corp. has a 1 year low of $15.68 and a 1 year high of $21.30. The business's fifty day moving average is $20.06 and its two-hundred day moving average is $19.14. 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 - Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. The company had revenue of $57.06 million during the quarter, compared to the consensus estimate of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, research analysts forecast that NETSTREIT Corp. will post 1.3 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 17.5%. The ex-dividend date is Monday, June 1st. This is a positive change from NETSTREIT's previous quarterly dividend of $0.22. NETSTREIT's dividend payout ratio is presently 676.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NTST shares. BTIG Research boosted their target price on NETSTREIT from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Scotiabank boosted their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Stifel Nicolaus boosted their target price on NETSTREIT from $21.00 to $22.25 and gave the stock a "buy" rating in a report on Tuesday, April 21st. Mizuho boosted their target price on NETSTREIT from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. Finally, Cantor Fitzgerald boosted their target price on NETSTREIT from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.25.

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.

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