GSA Capital Partners LLP Purchases New Shares in NETSTREIT Corp. $NTST

GSA Capital Partners LLP purchased a new position in shares of NETSTREIT Corp. (NYSE:NTSTFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 230,352 shares of the company’s stock, valued at approximately $4,867,000. NETSTREIT makes up 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 15th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in NETSTREIT by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after buying an additional 309,453 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of NETSTREIT by 171.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after acquiring an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP increased its position in shares of NETSTREIT by 4.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock worth $69,791,000 after acquiring an additional 161,787 shares during the last quarter. 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 worth $68,450,000 after acquiring an additional 1,782,158 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in shares of NETSTREIT by 3.4% in the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock worth $64,449,000 after acquiring an additional 120,170 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Mark Manheimer bought 5,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought 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 in the company, valued at $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NTST shares. Scotiabank reduced their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company lifted their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Robert W. Baird upped their target price on NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. BMO Capital Markets increased their target price on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, Truist Financial raised their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.19.

View Our Latest Stock Report on NTST

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $20.71 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. NETSTREIT Corp. has a 1 year low of $17.02 and a 1 year high of $22.47. The firm’s 50-day simple moving average is $20.99 and its 200-day simple moving average is $20.34. The firm has a market cap of $2.10 billion, a PE ratio of 138.09, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81.

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

NETSTREIT Cuts Dividend

The company also recently announced 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. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT’s dividend payout ratio (DPR) is currently 586.67%.

NETSTREIT Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NETSTREIT (NYSE:NTST)

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