NETSTREIT (NYSE:NTST – Get Free Report) had its target price lifted by stock analysts at BTIG Research from $22.00 to $24.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 15.65% from the company’s previous close.
NTST has been the subject of a number of other reports. Citigroup restated a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. BMO Capital Markets began coverage on NETSTREIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $24.00 price target on the stock. Robert W. Baird increased their price target on NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. UBS Group set a $22.00 price objective on NETSTREIT in a research report on Thursday, June 18th. Finally, Mizuho lifted their price objective on NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.45.
View Our Latest Analysis on NTST
NETSTREIT Trading Up 1.8%
NETSTREIT (NYSE:NTST – Get Free Report) last released its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.09 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, research analysts predict that NETSTREIT will post 1.31 earnings per share for the current year.
Insider Transactions at NETSTREIT
In other NETSTREIT news, CEO Mark Manheimer acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $19.19 per share, with a total value of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total value of $149,953.20. Following the completion of the transaction, the director directly owned 18,344 shares in the company, valued at $382,472.40. This represents a 28.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.
Institutional Investors Weigh In On NETSTREIT
A number of hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in NETSTREIT by 3.4% in the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after buying an additional 309,453 shares during the period. Vanguard Group Inc. grew its position in shares of NETSTREIT by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,961,288 shares of the company’s stock worth $161,841,000 after buying an additional 646,153 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of NETSTREIT by 171.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after acquiring an additional 2,544,458 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in shares of NETSTREIT by 4.3% in the 4th quarter. Hudson Bay Capital Management LP now owns 3,956,426 shares of the company’s stock valued at $69,791,000 after acquiring an additional 161,787 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of NETSTREIT by 88.8% during the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after acquiring an additional 1,782,158 shares during the period.
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.
See Also
- Five stocks we like better than NETSTREIT
- This Single Factor Is Holding Back Carvana’s Disruptive Edge
- BlackBerry’s Rally Is Running on a Bigger AI Story Than Earnings Alone
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
Receive News & Ratings for NETSTREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETSTREIT and related companies with MarketBeat.com's FREE daily email newsletter.
