William Blair Investment Management LLC bought a new stake in NETSTREIT Corp. (NYSE:NTST – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 837,426 shares of the company’s stock, valued at approximately $17,695,000.
Several other institutional investors have also recently bought and sold shares of NTST. Ieq Capital LLC acquired a new stake in shares of NETSTREIT in the 2nd quarter valued at approximately $208,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in NETSTREIT during the 2nd quarter worth approximately $2,830,000. First National Bank of Omaha acquired a new position in NETSTREIT during the 2nd quarter worth approximately $370,000. BlackRock Inc. bought a new position in NETSTREIT in the 2nd quarter valued at approximately $404,780,000. Finally, Deutsche Bank AG bought a new position in NETSTREIT in the 2nd quarter valued at approximately $44,589,000.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.00 target price on shares of NETSTREIT in a research note on Wednesday, July 29th. Scotiabank dropped their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Stifel Nicolaus raised their price objective on NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a report on Thursday, July 23rd. UBS Group set a $22.00 price objective on NETSTREIT in a report on Thursday, June 18th. Finally, Robert W. Baird boosted their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average target price of $23.19.
NETSTREIT Stock Down 1.3%
Shares of NYSE NTST opened at $20.35 on Friday. The company has a 50 day simple moving average of $21.02 and a 200 day simple moving average of $20.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. NETSTREIT Corp. has a 1 year low of $17.02 and a 1 year high of $22.47. The firm has a market cap of $2.07 billion, a PE ratio of 135.67, a price-to-earnings-growth ratio of 2.63 and a beta of 0.81.
NETSTREIT (NYSE:NTST – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The business had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, research analysts forecast that NETSTREIT Corp. will post 1.31 EPS for the current year.
NETSTREIT Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s payout ratio is 586.67%.
Insider Buying and Selling at NETSTREIT
In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of NETSTREIT stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $19.19 per share, with a total value of $95,950.00. Following the completion of the purchase, the chief executive officer directly owned 415,260 shares in the company, valued at $7,968,839.40. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.
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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