Legal & General Group Plc Purchases New Stake in NETSTREIT Corp. $NTST

Posted by George Bondi on Sep 1st, 2026

Legal & General Group Plc acquired a new position in NETSTREIT Corp. (NYSE:NTST – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 529,187 shares of the company’s stock, valued at approximately $11,182,000. Legal & General Group Plc owned 0.52% of NETSTREIT as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of NETSTREIT in the 2nd quarter valued at about $404,780,000. Principal Financial Group Inc. raised its stake in shares of 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 during the last quarter. Alyeska Investment Group L.P. raised its stake 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 buying an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP lifted its holdings in NETSTREIT by 4.3% in 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 buying an additional 161,787 shares during the period. Finally, Millennium Management LLC lifted its holdings in 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.

NETSTREIT Stock Down 0.4%

Shares of NYSE:NTST opened at $20.38 on Tuesday. The company has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $20.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The company has a market capitalization of $2.07 billion, a PE ratio of 135.87, a PEG ratio of 2.64 and a beta of 0.81. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47.

NETSTREIT (NYSE:NTST – Get Free Report) last announced its quarterly 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 firm 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. Analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Cuts Dividend

The firm 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. The ex-dividend date is Tuesday, September 1st. This represents a $0.90 annualized dividend and a yield of 4.4%. NETSTREIT’s payout ratio is currently 586.67%.

Insider Transactions at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer purchased 5,000 shares of the stock in a transaction on Thursday, June 18th. The stock was bought at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the acquisition, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NTST. UBS Group set a $22.00 target price on shares of NETSTREIT in a report on Thursday, June 18th. Robert W. Baird raised their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Truist Financial lifted their price objective on NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price objective on shares of NETSTREIT in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald increased their target price on NETSTREIT from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.19.

View Our Latest Analysis on NETSTREIT

About NETSTREIT

(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.