NETSTREIT Corp. $NTST Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its NETSTREIT stake by 12.2% in the first quarter, adding 372,337 shares to own 3.43 million shares valued at approximately $64.7 million. Several other institutional investors also significantly expanded their positions.
• Analyst sentiment remains favorable, with 13 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $23.19. Recent target increases ranged from $23 to $25.
• NETSTREIT reported quarterly revenue of $61.28 million, exceeding estimates, but earnings per share of $0.06 missed expectations of $0.08. The company declared a $0.225 quarterly dividend, equivalent to a 4.5% annualized yield.

Bank of America Corp DE grew its position in NETSTREIT Corp. (NYSE:NTST - Free Report) by 12.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,433,461 shares of the company's stock after purchasing an additional 372,337 shares during the period. Bank of America Corp DE owned approximately 3.53% of NETSTREIT worth $64,652,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Alyeska Investment Group L.P. increased its holdings in NETSTREIT by 171.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company's stock worth $71,040,000 after buying an additional 2,544,458 shares during the period. Millennium Management LLC lifted its stake in NETSTREIT by 88.8% during the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company's stock valued at $68,450,000 after acquiring an additional 1,782,158 shares during the period. Verition Fund Management LLC boosted its holdings in shares of NETSTREIT by 1,360.3% in the 4th quarter. Verition Fund Management LLC now owns 771,031 shares of the company's stock valued at $13,601,000 after acquiring an additional 718,231 shares during the last quarter. BROOKFIELD Corp ON boosted its holdings in shares of NETSTREIT by 158.5% in the 4th quarter. BROOKFIELD Corp ON now owns 1,080,483 shares of the company's stock valued at $19,060,000 after acquiring an additional 662,459 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of NETSTREIT by 1,058.1% in the third quarter. Ameriprise Financial Inc. now owns 648,318 shares of the company's stock worth $11,709,000 after acquiring an additional 592,335 shares during the period.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of the business's 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 directly owned 415,260 shares of the company's stock, valued at $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTST. Cantor Fitzgerald raised their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Weiss Ratings raised NETSTREIT from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, May 12th. Robert W. Baird increased their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating and set a $25.00 price objective on shares of NETSTREIT in a research note on Wednesday, July 29th. Finally, BTIG Research boosted their price objective on NETSTREIT from $22.00 to $24.00 and gave the company a "buy" rating in a report on Friday, June 26th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.19.

NETSTREIT Stock Down 3.1%

NTST opened at $20.04 on Tuesday. NETSTREIT Corp. has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The company has a fifty day moving average of $20.94 and a two-hundred day moving average of $20.29. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 133.60, a PEG ratio of 2.66 and a beta of 0.81.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings data 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 during 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, research analysts expect that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. NETSTREIT's dividend payout ratio is currently 586.67%.

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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