NETSTREIT Corp. (NYSE:NTST) Stock Has Average Price Target of $22.73

Shares of NETSTREIT Corp. (NYSE:NTST) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.73.

NTST has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of NETSTREIT in a report on Thursday, October 1st. UBS Group set a $22.00 price objective on shares of NETSTREIT in a research note on Thursday, June 18th. Robert W. Baird raised their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NETSTREIT in a research note on Friday, August 7th. Finally, Mizuho lowered their target price on shares of NETSTREIT from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of NETSTREIT by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock worth $85,000 after acquiring an additional 549 shares in the last quarter. GAMMA Investing LLC boosted its holdings in NETSTREIT by 62.0% in the third quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock valued at $35,000 after purchasing an additional 753 shares during the last quarter. Versant Capital Management Inc grew its stake in NETSTREIT by 1,163.1% during the 3rd quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock valued at $29,000 after purchasing an additional 1,512 shares in the last quarter. Sanctuary Advisors LLC grew its stake in NETSTREIT by 9.1% during the 1st quarter. Sanctuary Advisors LLC now owns 18,923 shares of the company’s stock valued at $356,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in NETSTREIT by 175.2% during the 1st quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after purchasing an additional 2,343 shares during the last quarter.

NETSTREIT Stock Up 0.0%

NTST opened at $17.44 on Thursday. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.77 billion, a P/E ratio of 116.25, a PEG ratio of 2.26 and a beta of 0.80. NETSTREIT has a 52 week low of $17.00 and a 52 week high of $22.47. The business’s fifty day simple moving average is $19.50 and its 200 day simple moving average is $20.15.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, equities research analysts anticipate that NETSTREIT will post 1.30 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.2%. This is a negative change from NETSTREIT’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, September 1st. NETSTREIT’s payout ratio is 600.00%.

NETSTREIT Company Profile

NETSTREIT Corp. (NYSE: NTST) is a real estate investment trust focused on owning and managing a portfolio of necessity-based retail properties. The company primarily invests in single-tenant, net-leased properties occupied by essential retailers, including grocery stores, pharmacies, convenience stores and other service-oriented businesses.

Under net lease arrangements, tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance, while NETSTREIT receives rental income under long-term leases.