VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in NETSTREIT Corp. $NTST

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of NETSTREIT Corp. (NYSE:NTST) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 274,778 shares of the company’s stock, valued at approximately $5,806,000.

A number of other large investors have also added to or reduced their stakes in NTST. PNC Financial Services Group Inc. raised its holdings in shares of NETSTREIT by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock worth $85,000 after acquiring an additional 549 shares in the last quarter. Amundi grew its holdings in shares of NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after purchasing an additional 704 shares in the last quarter. Mariner LLC grew its holdings in shares of NETSTREIT by 3.6% in the fourth quarter. Mariner LLC now owns 20,725 shares of the company’s stock valued at $366,000 after purchasing an additional 722 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in NETSTREIT by 12.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 6,719 shares of the company’s stock worth $119,000 after purchasing an additional 770 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in NETSTREIT by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after purchasing an additional 945 shares during the last quarter.

NETSTREIT Stock Up 0.3%

Shares of NTST opened at $20.16 on Wednesday. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $21.08 and a 200 day moving average of $20.49. The company has a market cap of $2.05 billion, a PE ratio of 134.37, a P/E/G ratio of 2.61 and a beta of 0.80. NETSTREIT Corp. has a 52-week low of $17.02 and a 52-week high of $22.47.

NETSTREIT (NYSE:NTST) last posted 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). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The firm 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. On average, sell-side analysts expect that NETSTREIT Corp. will post 1.3 EPS for the current year.

NETSTREIT Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTST shares. UBS Group set a $22.00 price objective on shares of NETSTREIT in a research report on Thursday, June 18th. Cantor Fitzgerald boosted their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. 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 report on Thursday, June 18th. BTIG Research increased their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, BMO Capital Markets lifted their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.19.

Insider Buying and Selling

In other news, CEO Mark Manheimer purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.66% of the company’s stock.

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.