Wellington Management Group LLP Grows Position in NETSTREIT Corp. $NTST

Wellington Management Group LLP lifted its position in shares of NETSTREIT Corp. (NYSE:NTST) by 106.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,557,676 shares of the company’s stock after purchasing an additional 803,442 shares during the quarter. Wellington Management Group LLP owned 1.53% of NETSTREIT worth $32,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of NETSTREIT during the 2nd quarter valued at about $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 worth $179,560,000 after acquiring an additional 309,453 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of NETSTREIT by 171.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after purchasing an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in NETSTREIT by 4.3% during the fourth quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock worth $69,791,000 after buying an additional 161,787 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the last quarter.

Insider Buying and Selling

In other NETSTREIT news, CEO Mark Manheimer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

NETSTREIT Stock Performance

Shares of NTST stock opened at $20.08 on Friday. The stock’s 50-day moving average is $21.13 and its two-hundred day moving average is $20.49. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 133.87, a PEG ratio of 2.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. NETSTREIT Corp. has a 1 year low of $17.02 and a 1 year high of $22.47.

NETSTREIT (NYSE:NTST) 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). The firm had revenue of $61.28 million during the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 1st. NETSTREIT’s payout ratio is presently 600.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NTST shares. Wells Fargo & Company upped their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group set a $22.00 price objective on shares of NETSTREIT in a report on Thursday, June 18th. Scotiabank decreased their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Truist Financial raised their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Cantor Fitzgerald increased their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.19.

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.