Sei Investments Co. Grows Position in NETSTREIT Corp. $NTST

Key Points

• Sei Investments increased its NETSTREIT stake by 54.4% in the first quarter, adding 64,885 shares for a total holding of 184,134 shares valued at approximately $3.47 million.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $23.19, above the stock’s $21.04 price.
• NETSTREIT reported quarterly revenue of $61.28 million but missed earnings estimates, posting $0.06 per share versus the expected $0.08. The company declared a $0.225 quarterly dividend, equivalent to a 4.3% annual yield.

Sei Investments Co. boosted its holdings in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) by 54.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,134 shares of the company's stock after acquiring an additional 64,885 shares during the period. Sei Investments Co. owned about 0.19% of NETSTREIT worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Loomis Sayles & Co. L P raised its holdings in shares of NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company's stock valued at $26,000 after purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock valued at $30,000 after purchasing an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company's stock valued at $43,000 after buying an additional 650 shares during the period. Kestra Advisory Services LLC purchased a new position in NETSTREIT during the fourth quarter valued at approximately $44,000. Finally, Inspire Investing LLC bought a new position in NETSTREIT in the fourth quarter worth approximately $45,000.

Analysts Set New Price Targets

A number of equities analysts have commented on NTST shares. Weiss Ratings upgraded shares of NETSTREIT from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, May 12th. 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 research report on Thursday, July 23rd. UBS Group set a $22.00 price objective on shares of NETSTREIT in a research note on Thursday, June 18th. Citigroup reissued a "neutral" rating on shares of NETSTREIT in a research report on Friday, April 24th. Finally, BMO Capital Markets lifted their price target on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, July 20th. 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 currently has an average rating of "Moderate Buy" and an average price target of $23.19.

NETSTREIT Trading Down 0.5%

NETSTREIT stock opened at $21.04 on Friday. 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 stock has a market cap of $2.14 billion, a PE ratio of 140.25, a price-to-earnings-growth ratio of 2.72 and a beta of 0.81. The stock has a 50-day moving average of $20.93 and a two-hundred day moving average of $20.27. NETSTREIT Corp. has a one year low of $17.02 and a one year high of $22.47.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $61.28 million for the quarter, compared to analysts' expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, research analysts anticipate that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently announced 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. This represents a $0.90 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT's payout ratio is currently 586.67%.

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 5,000 shares of the business's stock in a transaction on Thursday, June 18th. The shares were acquired at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, the chief executive officer owned 415,260 shares of the company's stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company's stock.

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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