NETSTREIT Corp. $NTST Stock Position Reduced by Davis Selected Advisers

Key Points

• Davis Selected Advisers reduced its NETSTREIT stake by 44.6% in Q4, selling 152,810 shares and retaining 189,600 shares (about 0.23% of the company, ~$3.35M at period end).
• NETSTREIT raised its quarterly dividend to $0.88 (annualized $3.52), implying a 17.5% yield but an extremely high payout ratio of 676.92%, which may be unsustainable.
• The company reported Q1 EPS of $0.06 (missing by $0.01) with revenue of $57.06M, set FY2026 guidance of 1.360–1.390 EPS, and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $22.10.

Davis Selected Advisers cut its stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 44.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,600 shares of the company's stock after selling 152,810 shares during the period. Davis Selected Advisers owned about 0.23% of NETSTREIT worth $3,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in 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 acquiring an additional 1,782,158 shares in the last quarter. William Blair Investment Management LLC bought a new stake in NETSTREIT in the third quarter worth approximately $20,498,000. Hudson Bay Capital Management LP grew its position in NETSTREIT by 35.1% in 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 in the last quarter. Centersquare Investment Management LLC grew its position in NETSTREIT by 37.9% in the third 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 in the last quarter. Finally, Principal Financial Group Inc. grew its position in NETSTREIT by 11.9% in the third quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company's stock worth $161,783,000 after acquiring an additional 955,951 shares in the last quarter.

NETSTREIT Price Performance

NYSE NTST opened at $20.16 on Friday. 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 company has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $18.95. The company has a market cap of $1.96 billion, a P/E ratio of 155.10, a P/E/G ratio of 2.79 and a beta of 0.85. NETSTREIT Corp. has a 1 year low of $15.23 and a 1 year high of $21.30.

NETSTREIT (NYSE:NTST - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.10 million. NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, sell-side analysts predict that NETSTREIT Corp. will post 1.3 EPS for the current year.

NETSTREIT Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on NTST shares. Weiss Ratings downgraded shares of NETSTREIT from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, April 24th. Mizuho boosted their target price on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 11th. BTIG Research boosted their target price on shares of NETSTREIT from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Citigroup reissued a "neutral" rating on shares of NETSTREIT in a research report on Friday, April 24th. Finally, Stifel Nicolaus boosted their target price on shares of NETSTREIT from $21.00 to $22.25 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.10.

Insider Activity

In related news, Director Robin Mcbride Zeigler sold 7,192 shares of the company's stock in a transaction 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

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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