Principal Financial Group Inc. Has $162.75 Million Position in NETSTREIT Corp. $NTST

Principal Financial Group Inc. lifted its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,226,348 shares of the company's stock after buying an additional 268,275 shares during the period. Principal Financial Group Inc. owned about 11.04% of NETSTREIT worth $162,753,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 646,153 shares during the period. Hudson Bay Capital Management LP lifted its stake in shares of NETSTREIT by 35.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company's stock valued at $68,531,000 after buying an additional 986,842 shares during the period. Millennium Management LLC lifted its stake in shares of NETSTREIT by 88.8% in 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. Centersquare Investment Management LLC lifted its stake in shares of NETSTREIT by 37.9% in the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company's stock valued at $63,813,000 after buying an additional 970,260 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of NETSTREIT by 10.2% in the second quarter. Alliancebernstein L.P. now owns 2,173,506 shares of the company's stock valued at $36,797,000 after buying an additional 200,700 shares during the period.

Insider Activity

In other 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 value of $149,953.20. Following the completion of the transaction, the director owned 18,344 shares in the company, valued at approximately $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.66% of the company's stock.

NETSTREIT Stock Up 0.9%

Shares of NTST opened at $20.33 on Wednesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 156.40, a P/E/G ratio of 2.73 and a beta of 0.85. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81. NETSTREIT Corp. has a 12 month low of $15.23 and a 12 month high of $21.30. The company has a 50-day moving average price of $20.09 and a two-hundred day moving average price of $18.96.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. Equities analysts predict that NETSTREIT Corp. will post 1.3 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 17.3%. This is an increase from NETSTREIT's previous quarterly dividend of $0.22. The ex-dividend date is Monday, June 1st. NETSTREIT's dividend payout ratio is presently 676.92%.

Wall Street Analyst Weigh In

NTST has been the subject of several research reports. Weiss Ratings cut shares of NETSTREIT from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, April 24th. Robert W. Baird increased their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. BTIG Research increased their target price on shares of NETSTREIT from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, March 3rd. Citigroup reiterated a "neutral" rating on shares of NETSTREIT in a research note on Friday, April 24th. Finally, BMO Capital Markets assumed coverage on shares of NETSTREIT in a research note on Friday, April 17th. They issued an "outperform" rating and a $24.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.10.

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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