Greenland Capital Management LP Acquires New Stake in NETSTREIT Corp. $NTST

Greenland Capital Management LP acquired a new stake in NETSTREIT Corp. (NYSE:NTST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 90,000 shares of the company’s stock, valued at approximately $1,902,000. Greenland Capital Management LP owned approximately 0.09% of NETSTREIT as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTST. Loomis Sayles & Co. L P raised its position in shares of NETSTREIT by 959.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after buying an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in NETSTREIT during the fourth quarter worth about $44,000. Finally, Inspire Investing LLC purchased a new stake in NETSTREIT during the 4th quarter valued at about $45,000.

NETSTREIT Price Performance

Shares of NTST opened at $20.35 on Friday. NETSTREIT Corp. has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The firm’s 50 day moving average price is $21.02 and its 200 day moving average price is $20.41. The company has a market cap of $2.07 billion, a P/E ratio of 135.67, a PEG ratio of 2.63 and a beta of 0.81. 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 (NYSE:NTST) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%.The business had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, research analysts forecast that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NETSTREIT’s dividend payout ratio (DPR) is presently 586.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on NTST. Truist Financial increased their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus increased their price target on NETSTREIT from $22.25 to $23.50 and gave the company a “buy” rating in a report on Thursday, July 23rd. BMO Capital Markets lifted their price objective on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Robert W. Baird boosted their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, BTIG Research upped their target price on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, June 26th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.19.

Insider Activity

In related news, CEO Mark Manheimer bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the acquisition, the chief executive officer owned 415,260 shares in the company, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.