Squarepoint Ops LLC Has $340,000 Position in NETSTREIT Corp. $NTST

Key Points

• Squarepoint Ops LLC cut its NETSTREIT stake by 93.9% in the second quarter, selling 248,382 shares and retaining 16,076 shares valued at approximately $340,000.
• Institutional interest was mixed: BlackRock and Deutsche Bank initiated new positions, while Principal Financial, Centersquare Investment Management, and Bank of America increased their holdings.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $22.96. NETSTREIT shares opened at $18.32, while the company reported quarterly revenue above estimates but missed earnings expectations.

Squarepoint Ops LLC lessened its holdings in NETSTREIT Corp. (NYSE:NTST - Free Report) by 93.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,076 shares of the company's stock after selling 248,382 shares during the quarter. Squarepoint Ops LLC's holdings in NETSTREIT were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in NETSTREIT during the second quarter worth about $404,780,000. Principal Financial Group Inc. grew its stake in shares of NETSTREIT by 3.4% in the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company's stock worth $179,560,000 after purchasing an additional 309,453 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of NETSTREIT by 3.4% in the 4th quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company's stock valued at $64,449,000 after buying an additional 120,170 shares during the last quarter. Bank of America Corp DE boosted its holdings in NETSTREIT by 12.2% in the first quarter. Bank of America Corp DE now owns 3,433,461 shares of the company's stock valued at $64,652,000 after acquiring an additional 372,337 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of NETSTREIT during the second quarter worth $44,589,000.

Analyst Ratings Changes

Several brokerages have recently commented on NTST. Jefferies Financial Group reaffirmed a "buy" rating and set a $25.00 price objective on shares of NETSTREIT in a research report on Wednesday, July 29th. Weiss Ratings restated a "hold (c+)" rating on shares of NETSTREIT in a research note on Friday, August 7th. UBS Group set a $22.00 price target on shares of NETSTREIT in a research report on Thursday, June 18th. Stifel Nicolaus raised their target price on NETSTREIT from $22.25 to $23.50 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Scotiabank reduced their target price on shares of NETSTREIT from $23.00 to $22.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NETSTREIT has a consensus rating of "Moderate Buy" and an average price target of $22.96.

NETSTREIT Trading Up 0.9%

Shares of NTST stock opened at $18.32 on Wednesday. The firm has a market cap of $1.86 billion, a P/E ratio of 122.10, a price-to-earnings-growth ratio of 2.37 and a beta of 0.80. The business has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $20.37. 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 12-month low of $17.02 and a 12-month 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 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The business had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.29 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, September 1st. NETSTREIT's dividend payout ratio (DPR) is presently 600.00%.

About NETSTREIT

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.

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