Connor Clark & Lunn Investment Management Ltd. Takes $1.87 Million Position in NETSTREIT Corp. $NTST

Key Points

• Connor Clark & Lunn Investment Management acquired 88,631 NETSTREIT shares worth approximately $1.87 million, representing about 0.09% of the company. Several other institutional investors also increased or initiated positions.
• NETSTREIT shares opened at $20.49, near the middle of their 12-month range. The company missed quarterly EPS expectations, reporting $0.06 versus the $0.08 consensus, despite revenue exceeding estimates.
• NETSTREIT declared a quarterly dividend of $0.225 per share, implying a 4.4% annualized yield, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and a $23.19 average price target.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 88,631 shares of the company's stock, valued at approximately $1,873,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of NETSTREIT as of its most recent filing with the Securities and Exchange Commission (SEC).

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

NETSTREIT Trading Down 0.1%

NYSE:NTST opened at $20.49 on Friday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 136.60, a P/E/G ratio of 2.64 and a beta of 0.81. The business has a 50 day simple moving average of $21.13 and a 200 day simple moving average of $20.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. NETSTREIT Corp. has a 12-month low of $17.02 and a 12-month high of $22.47.

NETSTREIT (NYSE:NTST - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $61.28 million during 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 year.

NETSTREIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued 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 of this dividend is Tuesday, September 1st. NETSTREIT's payout ratio is 586.67%.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of NETSTREIT stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the transaction, the chief executive officer owned 415,260 shares in the company, valued at approximately $7,968,839.40. This represents a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NTST shares. Weiss Ratings restated a "hold (c+)" rating on shares of NETSTREIT in a research note on Friday, August 7th. Stifel Nicolaus boosted their price target on NETSTREIT from $22.25 to $23.50 and gave the company a "buy" rating in a report on Thursday, July 23rd. Scotiabank reduced their price objective 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. Robert W. Baird lifted their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Finally, Truist Financial boosted their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company 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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