WINTON GROUP Ltd Makes New $1.68 Million Investment in NETSTREIT Corp. $NTST

Key Points

• WINTON GROUP Ltd acquired 79,601 shares of NETSTREIT, valued at approximately $1.68 million, giving it a 0.08% stake. Several other major institutional investors also increased their holdings.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $23.19 versus the reported $19.66 share price.
• NETSTREIT reported quarterly EPS of $0.06, below the $0.08 estimate, while revenue of $61.28 million exceeded expectations. The company declared a quarterly dividend of $0.225, representing a 4.6% yield.

WINTON GROUP Ltd bought a new stake in shares of NETSTREIT Corp. (NYSE:NTST - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 79,601 shares of the company's stock, valued at approximately $1,682,000. WINTON GROUP Ltd owned approximately 0.08% of NETSTREIT at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of NETSTREIT during the second quarter worth approximately $404,780,000. Principal Financial Group Inc. boosted its position in NETSTREIT by 3.4% during the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company's stock valued at $179,560,000 after purchasing an additional 309,453 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in NETSTREIT by 171.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company's stock valued at $71,040,000 after purchasing an additional 2,544,458 shares in the last quarter. Hudson Bay Capital Management LP grew its stake in NETSTREIT by 4.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company's stock valued at $69,791,000 after purchasing an additional 161,787 shares in the last quarter. Finally, Millennium Management LLC increased its position in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company's stock worth $68,450,000 after purchasing an additional 1,782,158 shares during the last quarter.

Analysts Set New Price Targets

NTST has been the subject of several research reports. UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. BTIG Research increased their price objective on NETSTREIT from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NETSTREIT in a research report on Friday, August 7th. BMO Capital Markets lifted their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 20th. Finally, Robert W. Baird boosted their target price 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. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.19.

NETSTREIT Trading Down 0.3%

NYSE:NTST opened at $19.66 on Friday. The company's 50 day moving average is $20.99 and its 200-day moving average is $20.48. 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. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 131.10, a P/E/G ratio of 2.55 and a beta of 0.80.

NETSTREIT (NYSE:NTST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities analysts anticipate that NETSTREIT Corp. will post 1.3 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 given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT's dividend payout ratio (DPR) is currently 600.00%.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $19.19 per share, for a total transaction 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. This trade represents a 1.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

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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