Bank of New York Mellon Corp Buys Shares of 1,128,443 NETSTREIT Corp. $NTST

Bank of New York Mellon Corp purchased a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,128,443 shares of the company's stock, valued at approximately $23,844,000. Bank of New York Mellon Corp owned approximately 1.11% of NETSTREIT at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Loomis Sayles & Co. L P increased its stake in shares of NETSTREIT by 959.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company's stock valued at $26,000 after acquiring an additional 1,333 shares during the period. EverSource Wealth Advisors LLC lifted its position in NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock worth $30,000 after purchasing an additional 1,640 shares during the period. Kestra Advisory Services LLC bought a new position in NETSTREIT during the 4th quarter valued at $44,000. Inspire Investing LLC acquired a new position in shares of NETSTREIT during the 4th quarter valued at $45,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of NETSTREIT during the 4th quarter valued at $64,000.

Insider Activity at NETSTREIT

In other news, CEO Mark Manheimer bought 5,000 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $19.19 per share, with a total value of $95,950.00. Following the completion of the transaction, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by insiders.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $20.49 on Monday. The stock's fifty day simple moving average is $21.13 and its 200 day simple moving average is $20.47. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 136.60, a PEG ratio of 2.64 and a beta of 0.81. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. NETSTREIT Corp. has a 52-week low of $17.02 and a 52-week high of $22.47.

NETSTREIT (NYSE:NTST - Get Free Report) last announced 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 company had revenue of $61.28 million for the quarter, compared to analysts' expectations 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. As a group, sell-side analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on NTST. Wells Fargo & Company raised 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. BTIG Research boosted their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Scotiabank cut their price target on shares of NETSTREIT from $23.00 to $22.00 and set a "sector outperform" rating for the company in a report on Thursday, June 18th. Truist Financial raised their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Finally, BMO Capital Markets lifted 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. Thirteen 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 an average price target 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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