Greenland Capital Management LP Buys New Holdings in NETSTREIT Corp. $NTST

Greenland Capital Management LP purchased a new position in NETSTREIT Corp. (NYSE:NTST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 90,000 shares of the company’s stock, valued at approximately $1,902,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of NETSTREIT in the 2nd quarter valued at $6,714,000. William Blair Investment Management LLC purchased a new stake in shares of NETSTREIT during the 2nd quarter worth $17,695,000. Ieq Capital LLC acquired a new position in shares of NETSTREIT during the second quarter worth $208,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of NETSTREIT during the second quarter worth $2,830,000. Finally, First National Bank of Omaha purchased a new position in NETSTREIT in the second quarter valued at $370,000.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $20.35 on Friday. NETSTREIT Corp. has a 12 month low of $17.02 and a 12 month high of $22.47. The firm has a market capitalization of $2.07 billion, a P/E ratio of 135.67, a P/E/G ratio of 2.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. The company’s fifty day moving average price is $21.02 and its 200 day moving average price is $20.41.

NETSTREIT (NYSE:NTST) last issued 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). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The firm 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. As a group, sell-side analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal 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 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 4.4%. NETSTREIT’s dividend payout ratio (DPR) is 586.67%.

Insiders Place Their Bets

In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of the stock in a transaction on Thursday, June 18th. The shares were bought at an average cost of $19.19 per share, with a total value of $95,950.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial raised their price target on NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BTIG Research increased their price objective on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, June 26th. Scotiabank decreased their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Finally, UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.19.

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.