NETSTREIT Corp. (NYSE:NTST) Receives $23.19 Average Price Target from Analysts

NETSTREIT Corp. (NYSE:NTST) has received an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.1923.

A number of research analysts have issued reports on NTST shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of NETSTREIT in a research report on Friday, August 7th. UBS Group set a $22.00 target price on shares of NETSTREIT in a report on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and set a $25.00 price objective on shares of NETSTREIT in a research note on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on shares of NETSTREIT from $22.25 to $23.50 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, BTIG Research upped their target price on shares of NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, June 26th.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer acquired 5,000 shares of NETSTREIT stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of $19.19 per share, with a total value of $95,950.00. Following the transaction, the chief executive officer owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

A number of hedge funds and other institutional investors have recently modified their holdings of NTST. Fulcrum Asset Management LLP purchased a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $64,000. Parallel Advisors LLC lifted its holdings in NETSTREIT by 175.2% during the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after acquiring an additional 2,343 shares during the period. KBC Group NV purchased a new position in NETSTREIT in the first quarter worth $78,000. PNC Financial Services Group Inc. grew its stake in NETSTREIT by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after purchasing an additional 549 shares during the period. Finally, Ieq Capital LLC bought a new position in NETSTREIT in the 2nd quarter valued at $208,000.

NETSTREIT Stock Down 1.3%

NYSE NTST opened at $19.27 on Friday. The business has a fifty day moving average price of $20.89 and a two-hundred day moving average price of $20.47. The stock has a market capitalization of $1.96 billion, a PE ratio of 128.50, a PEG ratio of 2.53 and a beta of 0.80. NETSTREIT has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The business had revenue of $61.28 million during the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. Equities analysts expect that NETSTREIT will post 1.3 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.225 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.90 annualized dividend and a yield of 4.7%. NETSTREIT’s payout ratio is 600.00%.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.