Algert Global LLC Buys 67,560 Shares of NETSTREIT Corp. $NTST

Key Points

• Algert Global increased its NETSTREIT stake by 34.6% in the second quarter, purchasing 67,560 shares for a total holding of 262,670 shares valued at approximately $5.55 million. Several other major institutions, including BlackRock, Deutsche Bank and Millennium Management, also added or initiated positions.
• NETSTREIT reported quarterly EPS of $0.06, below the $0.08 consensus estimate, although revenue of $61.28 million exceeded expectations. The company issued fiscal 2026 EPS guidance of $1.37–$1.39.
• The company declared a quarterly dividend of $0.225 per share, representing an annualized $0.90 payout and a 4.4% yield. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $23.19 versus a recent share price of $20.53.

Algert Global LLC grew its stake in NETSTREIT Corp. (NYSE:NTST - Free Report) by 34.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,670 shares of the company's stock after buying an additional 67,560 shares during the quarter. Algert Global LLC owned approximately 0.26% of NETSTREIT worth $5,550,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in NETSTREIT in the 2nd quarter worth approximately $404,780,000. Alyeska Investment Group L.P. lifted its holdings in NETSTREIT by 171.6% during 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 purchasing an additional 2,544,458 shares in the last quarter. Deutsche Bank AG purchased a new position in NETSTREIT during the second quarter valued at approximately $44,589,000. Millennium Management LLC lifted its holdings in NETSTREIT by 88.8% during the third 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of NETSTREIT in the second quarter worth approximately $23,844,000.

Insider Buying and Selling at NETSTREIT

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

NETSTREIT Trading Down 1.1%

Shares of NTST stock opened at $20.53 on Friday. 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 market capitalization of $2.08 billion, a price-to-earnings ratio of 136.84, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81. NETSTREIT Corp. has a 12-month low of $17.02 and a 12-month high of $22.47. The stock's 50-day moving average price is $21.10 and its 200-day moving average price is $20.46.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities research analysts predict that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTST. BMO Capital Markets increased their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NETSTREIT in a research note on Friday, August 7th. Jefferies Financial Group reiterated a "buy" rating and set a $25.00 target price on shares of NETSTREIT in a research report on Wednesday, July 29th. Scotiabank cut their target price on NETSTREIT from $23.00 to $22.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 18th. Finally, Wells Fargo & Company lifted their target price on NETSTREIT from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.19.

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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