The Manufacturers Life Insurance Company Invests $1.02 Million in NETSTREIT Corp. $NTST

The Manufacturers Life Insurance Company bought a new stake in NETSTREIT Corp. (NYSE:NTST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 48,406 shares of the company’s stock, valued at approximately $1,023,000.

A number of other large investors have also recently made changes to their positions in NTST. Royal Bank of Canada increased its position in NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after buying an additional 28,441 shares during the period. Amundi boosted 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 acquiring an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NETSTREIT by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after acquiring an additional 4,501 shares during the period. Goldman Sachs Group Inc. grew its position in shares of NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after acquiring an additional 17,188 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NETSTREIT by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after acquiring an additional 42,121 shares during the last quarter.

NETSTREIT Price Performance

NETSTREIT stock opened at $20.08 on Friday. 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 business has a 50 day simple moving average of $21.13 and a 200-day simple moving average of $20.49. NETSTREIT Corp. has a 12 month low of $17.02 and a 12 month high of $22.47. The stock has a market capitalization of $2.04 billion, a PE ratio of 133.87, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last announced 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). The firm had revenue of $61.28 million during the quarter, compared to analyst estimates 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. Equities analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current year.

NETSTREIT Cuts Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.5%. NETSTREIT’s payout ratio is presently 600.00%.

Insider Activity

In other news, CEO Mark Manheimer purchased 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BTIG Research upped their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Jefferies Financial Group reissued a “buy” rating and set a $25.00 price objective on shares of NETSTREIT in a research report on Wednesday, July 29th. Truist Financial lifted 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. UBS Group set a $22.00 target price on shares of NETSTREIT in a report on Thursday, June 18th. Finally, BMO Capital Markets increased their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.