NETSTREIT (NYSE:NTST) Hits New 1-Year Low – Here’s Why

NETSTREIT Corp. (NYSE:NTST) shares reached a new 52-week low on Thursday. The company traded as low as $17.00 and last traded at $17.0250, with a volume of 119857 shares. The stock had previously closed at $17.21.

Wall Street Analyst Weigh In

A number of research firms have commented on NTST. Robert W. Baird lifted their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. BMO Capital Markets increased their price target on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Stifel Nicolaus raised their price target on NETSTREIT from $22.25 to $23.50 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Truist Financial initiated coverage on NETSTREIT in a research note on Thursday, October 1st. They set a “buy” rating and a $21.00 price objective for the company. Finally, UBS Group set a $22.00 price objective on NETSTREIT in a report on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.73.

NETSTREIT Trading Down 0.7%

The business’s 50-day moving average price is $19.67 and its two-hundred day moving average price is $20.18. The company has a market capitalization of $1.74 billion, a P/E ratio of 114.04, a PEG ratio of 2.28 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 released 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 firm had revenue of $61.28 million during the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, analysts forecast that NETSTREIT Corp. will post 1.3 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.2250 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a negative change from NETSTREIT’s previous quarterly dividend of $0.88. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. NETSTREIT’s payout ratio is presently 600.00%.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of 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. Parallel Advisors LLC increased its stake 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 in the last quarter. KBC Group NV acquired a new stake in NETSTREIT during the 1st quarter worth approximately $78,000. PNC Financial Services Group Inc. raised its holdings in NETSTREIT by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock worth $85,000 after buying an additional 549 shares during the period. Finally, Ieq Capital LLC bought a new position in NETSTREIT in the second quarter valued at approximately $208,000.

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.