Jefferies Financial Group Inc. purchased a new stake in NETSTREIT Corp. (NYSE:NTST – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 327,616 shares of the company’s stock, valued at approximately $6,923,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTST. BlackRock Inc. acquired a new position in shares of NETSTREIT during the second quarter valued at about $404,780,000. Principal Financial Group Inc. grew its position in NETSTREIT by 3.4% during the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock worth $179,560,000 after buying an additional 309,453 shares in the last quarter. Alyeska Investment Group L.P. grew its position in 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 buying an additional 2,544,458 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in NETSTREIT by 4.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock valued at $69,791,000 after acquiring an additional 161,787 shares during the period. Finally, Millennium Management LLC raised its holdings in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after acquiring an additional 1,782,158 shares in the last quarter.
Insider Activity
In other news, CEO Mark Manheimer bought 5,000 shares of NETSTREIT stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, the chief executive officer owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.66% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on NETSTREIT
NETSTREIT Stock Down 0.1%
NYSE NTST opened at $20.49 on Friday. NETSTREIT Corp. has a 1-year low of $17.02 and a 1-year high of $22.47. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 136.60, a PEG ratio of 2.65 and a beta of 0.81. The stock’s 50 day moving average is $21.13 and its two-hundred day moving average is $20.46. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88.
NETSTREIT (NYSE:NTST – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio is currently 586.67%.
NETSTREIT Company 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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