NETSTREIT Corp. $NTST Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in NETSTREIT Corp. (NYSE:NTST) by 106.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,557,676 shares of the company’s stock after acquiring an additional 803,442 shares during the period. Wellington Management Group LLP’s holdings in NETSTREIT were worth $32,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NTST. BlackRock Inc. purchased a new stake in shares of NETSTREIT during the second quarter worth approximately $404,780,000. Bank of America Corp DE purchased a new position in NETSTREIT in the 2nd quarter valued at $63,046,000. Alyeska Investment Group L.P. increased its stake in NETSTREIT by 171.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after buying an additional 2,544,458 shares during the period. Deutsche Bank AG acquired a new position in NETSTREIT in the 2nd quarter valued at $44,589,000. Finally, Millennium Management LLC raised its position in NETSTREIT by 88.8% during the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the last quarter.

NETSTREIT Stock Down 1.7%

Shares of NYSE NTST opened at $20.08 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47. The firm has a 50-day moving average price of $21.13 and a 200 day moving average price of $20.49. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 133.87, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 EPS 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 company had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities research analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.5%. NETSTREIT’s payout ratio is 600.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NTST shares. Truist Financial lifted their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 11th. UBS Group set a $22.00 price target on shares of NETSTREIT in a report on Thursday, June 18th. Stifel Nicolaus raised their price objective on shares of NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Robert W. Baird lifted their price objective on NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald boosted their target price on NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.19.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer purchased 5,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the acquisition, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

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.