VIRGINIA RETIREMENT SYSTEMS ET Al Invests $5.81 Million in NETSTREIT Corp. $NTST

Key Points

• Virginia Retirement Systems acquired 274,778 NETSTREIT shares worth approximately $5.81 million, representing a 0.27% stake. The company’s CEO also bought 5,000 shares, while other institutional investors increased or initiated positions.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $23.19, compared with the stock’s reported $20.16 opening price.
• NETSTREIT reported quarterly EPS of $0.06, below the $0.08 consensus, despite revenue of $61.28 million exceeding expectations. It announced a quarterly dividend of $0.225 per share, equal to a 4.5% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 274,778 shares of the company's stock, valued at approximately $5,806,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.27% of NETSTREIT at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P lifted its position in 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 purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 buying an additional 1,640 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of NETSTREIT in the fourth quarter worth about $44,000. Inspire Investing LLC bought a new position in shares of NETSTREIT in the fourth quarter worth about $45,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of NETSTREIT during the 4th quarter valued at about $64,000.

Insider Buying and Selling at NETSTREIT

In related news, CEO Mark Manheimer bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $19.19 per share, with a total value of $95,950.00. Following the completion of the purchase, the chief executive officer owned 415,260 shares of the company's stock, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company's stock.

Analysts Set New Price Targets

NTST has been the subject of a number of recent research reports. UBS Group set a $22.00 price objective on NETSTREIT in a research note on Thursday, June 18th. Scotiabank decreased their target price on shares of NETSTREIT from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 18th. Wells Fargo & Company lifted their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Cantor Fitzgerald upped their price target on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird increased their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NETSTREIT has a consensus rating of "Moderate Buy" and an average target price of $23.19.

NETSTREIT Stock Performance

NYSE:NTST opened at $20.16 on Wednesday. The stock has a 50-day moving average price of $21.08 and a 200 day moving average price of $20.49. The stock has a market capitalization of $2.05 billion, a P/E ratio of 134.37, a P/E/G ratio of 2.61 and a beta of 0.80. NETSTREIT Corp. has a 12-month low of $17.02 and a 12-month high of $22.47. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88.

NETSTREIT (NYSE:NTST - Get Free Report) last posted 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 return on equity of 0.95% and a net margin of 6.35%.The business had revenue of $61.28 million during the quarter, compared to analysts' expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities research analysts forecast that NETSTREIT Corp. will post 1.3 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. Investors 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 dividend yield of 4.5%. NETSTREIT's dividend payout ratio is currently 600.00%.

NETSTREIT Company 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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