William Blair Investment Management LLC Invests $17.70 Million in NETSTREIT Corp. $NTST

William Blair Investment Management LLC bought a new position in shares of NETSTREIT Corp. (NYSE:NTST) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 837,426 shares of the company’s stock, valued at approximately $17,695,000. William Blair Investment Management LLC owned approximately 0.82% of NETSTREIT as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in NETSTREIT during the second quarter worth about $404,780,000. Principal Financial Group Inc. raised its stake in shares of NETSTREIT by 3.4% in the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after acquiring an additional 309,453 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of NETSTREIT by 171.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after acquiring an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP boosted its holdings in shares of NETSTREIT by 4.3% in the 4th 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 in the last quarter. Finally, Millennium Management LLC raised its position 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 purchasing an additional 1,782,158 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial increased their target price on NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NETSTREIT in a research report on Friday, August 7th. Wells Fargo & Company upped 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. BTIG Research upped their price target on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, UBS Group set a $22.00 target price on shares of NETSTREIT in a research note on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.19.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $19.19 per share, with a total value of $95,950.00. Following the acquisition, the chief executive officer directly owned 415,260 shares in the company, valued at $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by insiders.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $20.35 on Friday. NETSTREIT Corp. has a 52 week low of $17.02 and a 52 week high of $22.47. 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 stock has a 50 day moving average price of $21.02 and a 200 day moving average price of $20.41. The stock has a market capitalization 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) last posted 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). 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 analyst estimates of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio is presently 586.67%.

About NETSTREIT

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.