19,156,666 Shares in NETSTREIT Corp. $NTST Bought by BlackRock Inc.

Key Points

• BlackRock acquired 19.16 million NETSTREIT shares worth approximately $404.8 million, giving it an 18.87% stake in the real estate investment trust.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds; NETSTREIT has a “Moderate Buy” consensus rating and an average price target of $23.19 versus its $20.59 trading price.
• NETSTREIT reported quarterly revenue above estimates but missed on earnings per share, while maintaining a quarterly dividend of $0.225, equivalent to a 4.4% annualized yield.

BlackRock Inc. bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,156,666 shares of the company's stock, valued at approximately $404,780,000. BlackRock Inc. owned approximately 18.87% of NETSTREIT at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. grew its stake in shares of NETSTREIT by 171.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company's stock worth $71,040,000 after acquiring an additional 2,544,458 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of NETSTREIT in the second quarter valued at approximately $44,589,000. Millennium Management LLC lifted its position in shares of NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company's stock worth $68,450,000 after purchasing an additional 1,782,158 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of NETSTREIT in the second quarter worth $23,844,000. Finally, Verition Fund Management LLC boosted its holdings in NETSTREIT by 1,360.3% during the fourth quarter. Verition Fund Management LLC now owns 771,031 shares of the company's stock worth $13,601,000 after purchasing an additional 718,231 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group set a $22.00 target price on shares of NETSTREIT in a research report on Thursday, June 18th. Scotiabank cut their price target on shares of NETSTREIT from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets increased their price objective on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, July 20th. Cantor Fitzgerald raised their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $25.00 target price on shares of NETSTREIT in a research report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NETSTREIT currently has an average rating of "Moderate Buy" and a consensus target price of $23.19.

NETSTREIT Trading Down 1.0%

NYSE NTST opened at $20.59 on Wednesday. NETSTREIT Corp. has a 12 month low of $17.02 and a 12 month high of $22.47. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $21.05 and a 200-day moving average of $20.45. The company has a market cap of $2.09 billion, a PE ratio of 137.24, a PEG ratio of 2.68 and a beta of 0.81.

NETSTREIT (NYSE:NTST - Get Free Report) last issued 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, equities research analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT's dividend payout ratio (DPR) is 586.67%.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer acquired 5,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by corporate insiders.

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.

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