NETSTREIT Corp. (NTST) – What Are Analysts Thinking About This Stock?

by · The Markets Daily

Shares of NETSTREIT Corp. (NYSE:NTST – Get Free Report) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.79.

A number of research analysts have commented on the company. Robert W. Baird increased their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Truist Financial assumed coverage on NETSTREIT in a report on Thursday, October 1st. They issued a “buy” rating and a $21.00 price target on the stock. BTIG Research raised their target price on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Stifel Nicolaus upped their target price on shares of NETSTREIT from $22.25 to $23.50 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Mizuho reduced their price target on NETSTREIT from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th.

View Our Latest Research Report on NTST

NETSTREIT Price Performance

Shares of NTST stock opened at $17.59 on Thursday. The firm has a fifty day simple moving average of $19.43 and a 200-day simple moving average of $20.15. The company has a market capitalization of $1.79 billion, a PE ratio of 117.23, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80. NETSTREIT has a twelve month low of $17.00 and a twelve month high of $22.47. 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 – Get Free Report) last announced 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). The business had revenue of $61.28 million for the quarter, compared to analysts’ expectations 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 research analysts anticipate that NETSTREIT will post 1.30 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.2250 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. This is a negative change from NETSTREIT’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, September 1st. NETSTREIT’s payout ratio is currently 600.00%.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in NETSTREIT in the 2nd quarter valued at $63,046,000. Public Employees Retirement System of Ohio acquired a new stake in NETSTREIT during the second quarter worth $2,339,000. Dockside LLC acquired a new stake in shares of NETSTREIT during the 2nd quarter valued at about $1,202,000. Hsbc Holdings PLC boosted its holdings in NETSTREIT by 33.3% during the second quarter. Hsbc Holdings PLC now owns 448,926 shares of the company’s stock valued at $9,579,000 after purchasing an additional 112,169 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of NETSTREIT in the 2nd quarter worth approximately $17,695,000.

About NETSTREIT

(Get Free Report)

NETSTREIT Corp. (NYSE: NTST) is a real estate investment trust focused on owning and managing a portfolio of necessity-based retail properties. The company primarily invests in single-tenant, net-leased properties occupied by essential retailers, including grocery stores, pharmacies, convenience stores and other service-oriented businesses.

Under net lease arrangements, tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance, while NETSTREIT receives rental income under long-term leases.

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