NETSTREIT Corp. (NYSE:NTST) Receives $20.36 Consensus PT from Analysts

NETSTREIT Corp. (NYSE:NTST) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $20.3636.

A number of research firms have recently commented on NTST. Stifel Nicolaus raised their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Berenberg Bank started coverage on shares of NETSTREIT in a research note on Monday, October 13th. They set a “buy” rating and a $22.00 price target for the company. Truist Financial upped their price objective on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Robert W. Baird increased their target price on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Mizuho decreased their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th.

NETSTREIT Trading Up 0.1%

NETSTREIT stock opened at $17.50 on Tuesday. The business has a 50 day moving average price of $17.85 and a two-hundred day moving average price of $18.05. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $19.64. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -1,750,000.00, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Monday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.32). The firm had revenue of $48.31 million for the quarter, compared to the consensus estimate of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. As a group, equities analysts forecast that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, December 1st.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the last quarter. William Blair Investment Management LLC bought a new stake in NETSTREIT during the 3rd quarter worth approximately $20,498,000. Hudson Bay Capital Management LP grew its position in NETSTREIT by 35.1% during the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after acquiring an additional 986,842 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in NETSTREIT by 37.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock valued at $63,813,000 after purchasing an additional 970,260 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in NETSTREIT by 11.9% in the 3rd quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock valued at $161,783,000 after purchasing an additional 955,951 shares during the last quarter.

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.