NETSTREIT (NYSE:NTST) Hits New 1-Year High After Analyst Upgrade

NETSTREIT Corp. (NYSE:NTST) hit a new 52-week high during mid-day trading on Monday after BTIG Research raised their price target on the stock from $22.00 to $24.00. BTIG Research currently has a buy rating on the stock. NETSTREIT traded as high as $21.35 and last traded at $21.3750, with a volume of 498640 shares traded. The stock had previously closed at $21.20.

A number of other analysts have also issued reports on the stock. Robert W. Baird lifted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial raised their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wells Fargo & Company boosted their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald upped their target price on shares of NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Scotiabank reduced their price target on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NETSTREIT currently has an average rating of “Moderate Buy” and a consensus price target of $22.45.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer bought 5,000 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price 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 approximately $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the sale, the director directly owned 18,344 shares in the company, valued at $382,472.40. This trade 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of NETSTREIT by 343.1% during the 1st 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 last quarter. Amundi lifted its holdings in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $773,000 after acquiring an additional 4,501 shares during the period. Goldman Sachs Group Inc. boosted its stake in NETSTREIT by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after acquiring an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $8,995,000 after purchasing an additional 42,121 shares during the last quarter.

NETSTREIT Price Performance

The company has a market capitalization of $2.08 billion, a P/E ratio of 164.40, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a fifty day moving average price of $20.32 and a 200 day moving average price of $19.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.

NETSTREIT (NYSE:NTST) last announced 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). NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.The company had revenue of $57.06 million during the quarter, compared to the consensus estimate of $50.09 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, sell-side analysts forecast that NETSTREIT Corp. will post 1.31 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.88 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a yield of 16.5%. The ex-dividend date of this dividend was Monday, June 1st. NETSTREIT’s dividend payout ratio is 676.92%.

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.