NETSTREIT (NYSE:NTST) Reaches New 12-Month Low on Analyst Downgrade

NETSTREIT Corp. (NYSE:NTST) reached a new 52-week low on Monday after Mizuho lowered their price target on the stock from $20.00 to $19.00. Mizuho currently has an outperform rating on the stock. NETSTREIT traded as low as $16.97 and last traded at $16.9350, with a volume of 41,471 shares trading hands. The stock had previously closed at $17.19.

NTST has been the subject of a number of other reports. Robert W. Baird upped their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $25.00 price target on shares of NETSTREIT in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NETSTREIT in a research report on Friday, August 7th. Truist Financial started coverage on shares of NETSTREIT in a research note on Thursday, October 1st. They set a “buy” rating and a $21.00 price target on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of NETSTREIT in a report on Thursday, October 1st. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.46.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of NETSTREIT by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock worth $35,000 after buying an additional 753 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of NETSTREIT by 1,163.1% during the third quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock valued at $29,000 after acquiring an additional 1,512 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of NETSTREIT during the second quarter valued at approximately $1,682,000. Arizona State Retirement System raised its holdings in shares of NETSTREIT by 16.8% during the second quarter. Arizona State Retirement System now owns 26,835 shares of the company’s stock valued at $567,000 after acquiring an additional 3,861 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in NETSTREIT in the second quarter worth $5,806,000.

NETSTREIT Price Performance

The business has a 50 day moving average of $19.13 and a 200 day moving average of $20.11. The company has a market cap of $1.72 billion, a PE ratio of 112.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. 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 data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The company had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, research analysts predict that NETSTREIT Corp. will post 1.30 EPS for the current year.

About NETSTREIT

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.