Jefferies Financial Group Inc. bought a new stake in NETSTREIT Corp. (NYSE:NTST – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 327,616 shares of the company’s stock, valued at approximately $6,923,000. Jefferies Financial Group Inc. owned approximately 0.32% of NETSTREIT at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Easterly Investment Partners LLC acquired a new position in NETSTREIT in the 4th quarter worth approximately $9,422,000. Dockside LLC acquired a new stake in NETSTREIT during the 2nd quarter valued at $1,202,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of NETSTREIT by 111.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 342,800 shares of the company’s stock valued at $6,047,000 after purchasing an additional 180,600 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of NETSTREIT by 3.4% in the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock valued at $64,449,000 after purchasing an additional 120,170 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of NETSTREIT in the first quarter worth $1,001,000.
Insiders Place Their Bets
In other NETSTREIT news, CEO Mark Manheimer bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by insiders.
NETSTREIT Stock Performance
NETSTREIT (NYSE:NTST – Get Free Report) last released 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 firm 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. On average, sell-side analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current year.
NETSTREIT Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT’s payout ratio is currently 586.67%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Scotiabank lowered their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Cantor Fitzgerald upped their target price on NETSTREIT from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of NETSTREIT in a report on Friday, August 7th. Finally, Robert W. Baird boosted their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NETSTREIT has a consensus rating of “Moderate Buy” and an average target price of $23.19.
Get Our Latest Research Report on NETSTREIT
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.
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