NETSTREIT (NYSE:NTST) Posts Earnings Results, Misses Estimates By $0.31 EPS

NETSTREIT (NYSE:NTST) issued its earnings results on Tuesday. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31), FiscalAI reports. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. The firm had revenue of $52.50 million during the quarter, compared to the consensus estimate of $50.98 million.

NETSTREIT Price Performance

NTST traded up $0.28 during trading on Tuesday, reaching $19.31. The stock had a trading volume of 1,154,597 shares, compared to its average volume of 1,314,318. The business has a 50-day moving average of $17.92 and a 200-day moving average of $18.25. NETSTREIT has a one year low of $13.74 and a one year high of $19.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a market cap of $1.61 billion, a PE ratio of -1,931,100.00, a PEG ratio of 3.90 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTST. Berenberg Bank began coverage on NETSTREIT in a report on Monday, October 13th. They issued a “buy” rating and a $22.00 target price on the stock. Truist Financial boosted their target price on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of NETSTREIT in a research report on Monday, January 5th. Finally, Stifel Nicolaus lifted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors and hedge funds have recently made changes to their positions in NTST. Royal Bank of Canada boosted 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 valued at $582,000 after buying an additional 28,441 shares during the period. Amundi lifted its position in shares of NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NETSTREIT by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after buying an additional 4,501 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after purchasing an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $8,995,000 after buying an additional 42,121 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.