WINTON GROUP Ltd Invests $1.68 Million in NETSTREIT Corp. $NTST

WINTON GROUP Ltd bought a new position in shares of NETSTREIT Corp. (NYSE:NTST) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 79,601 shares of the company’s stock, valued at approximately $1,682,000.

Several other large investors have also recently bought and sold shares of NTST. BlackRock Inc. bought a new stake in NETSTREIT in the 2nd quarter valued at $404,780,000. Principal Financial Group Inc. increased its holdings in shares of NETSTREIT by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock worth $179,560,000 after purchasing an additional 309,453 shares during the period. Alyeska Investment Group L.P. raised its position in shares of NETSTREIT by 171.6% during 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 buying an additional 2,544,458 shares during the last quarter. Hudson Bay Capital Management LP raised its position in shares of NETSTREIT by 4.3% during 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 buying an additional 161,787 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after buying an additional 1,782,158 shares during the period.

NETSTREIT Trading Down 0.3%

NTST stock opened at $19.66 on Friday. NETSTREIT Corp. has a 1-year low of $17.02 and a 1-year high of $22.47. The firm has a market cap of $2.00 billion, a P/E ratio of 131.10, a P/E/G ratio of 2.55 and a beta of 0.80. The business’s 50 day moving average is $20.99 and its 200-day moving average is $20.48. 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) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company 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 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 issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio is presently 600.00%.

Analysts Set New Price Targets

NTST has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Scotiabank cut 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. Weiss Ratings reissued a “hold (c+)” rating on shares of NETSTREIT in a report on Friday, August 7th. Robert W. Baird boosted their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus increased their price objective on shares of NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.19.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 5,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, with a total value of $95,950.00. Following the acquisition, the chief executive officer directly owned 415,260 shares in the company, valued at $7,968,839.40. The trade was a 1.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 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.