Alyeska Investment Group L.P. Has $73.06 Million Stake in NETSTREIT Corp. $NTST

Key Points

• Alyeska Investment Group reduced its NETSTREIT stake by 16.2% in the second quarter, selling 668,571 shares but retaining 3.46 million shares valued at approximately $73.1 million, or 3.41% of the company.
• Institutional interest remained strong, with BlackRock, Bank of America, Deutsche Bank and Jupiter Topco acquiring new positions; Millennium Management increased its holdings by 88.8%.
• Analysts maintain a favorable outlook, with 13 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $23.19. NETSTREIT shares opened at $20.49, while the company reported quarterly EPS of $0.06, below the $0.08 consensus estimate.

Alyeska Investment Group L.P. reduced its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,457,389 shares of the company's stock after selling 668,571 shares during the quarter. Alyeska Investment Group L.P. owned approximately 3.41% of NETSTREIT worth $73,055,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NTST. BlackRock Inc. acquired a new stake in NETSTREIT during the 2nd quarter valued at $404,780,000. Bank of America Corp DE acquired a new stake in NETSTREIT during the second quarter worth approximately $63,046,000. Deutsche Bank AG acquired a new stake in NETSTREIT during the second quarter worth approximately $44,589,000. Millennium Management LLC boosted its holdings in shares of NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company's stock worth $68,450,000 after acquiring an additional 1,782,158 shares during the period. Finally, Jupiter Topco LLC bought a new stake in shares of NETSTREIT during the second quarter worth approximately $36,959,000.

Analyst Ratings Changes

NTST has been the topic of a number of recent research reports. Robert W. Baird increased their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. BMO Capital Markets boosted their price target on NETSTREIT from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 20th. Weiss Ratings restated a "hold (c+)" rating on shares of NETSTREIT in a research note on Friday, August 7th. Truist Financial upped their price objective on NETSTREIT from $21.00 to $22.00 and gave the company a "buy" rating in a report on Monday, May 11th. Finally, UBS Group set a $22.00 price objective on NETSTREIT in a research report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.19.

NETSTREIT Stock Performance

NYSE:NTST opened at $20.49 on Friday. NETSTREIT Corp. has a twelve month low of $17.02 and a twelve month high of $22.47. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The stock's 50-day simple moving average is $21.13 and its 200 day simple moving average is $20.46. The firm has a market capitalization of $2.08 billion, a PE ratio of 136.60, a price-to-earnings-growth ratio of 2.64 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 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The business 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 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 currently 586.67%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $19.19 per share, with a total value of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. This trade 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 link. 0.66% of the stock is currently 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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