NETSTREIT (NYSE:NTST) Price Target Lowered to $22.00 at Scotiabank

NETSTREIT (NYSE:NTST) had its target price decreased by analysts at Scotiabank from $23.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 13.67% from the company’s previous close.

Other analysts also recently issued research reports about the company. Mizuho increased their target price on NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Jefferies Financial Group initiated coverage on NETSTREIT in a report on Monday, June 1st. They issued a “buy” rating and a $23.00 price target for the company. UBS Group upped their price target on NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a report on Monday, March 9th. Weiss Ratings raised NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Finally, BMO Capital Markets began coverage on NETSTREIT in a report on Friday, April 17th. They issued an “outperform” rating and a $24.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NETSTREIT has a consensus rating of “Moderate Buy” and an average target price of $22.45.

NETSTREIT Stock Performance

NYSE:NTST traded down $0.10 during mid-day trading on Thursday, hitting $19.36. 233,588 shares of the company’s stock traded hands, compared to its average volume of 1,405,930. The firm has a 50 day moving average of $20.32 and a two-hundred day moving average of $19.33. NETSTREIT has a 12 month low of $16.42 and a 12 month high of $21.30. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 149.01, a price-to-earnings-growth ratio of 2.69 and a beta of 0.84. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81.

NETSTREIT (NYSE:NTST) last announced its earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. The business had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, equities analysts forecast that NETSTREIT will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NETSTREIT news, 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 value of $149,953.20. Following the transaction, the director directly owned 18,344 shares in the company, valued at approximately $382,472.40. This trade represents a 28.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTST. Loomis Sayles & Co. L P lifted its holdings in NETSTREIT by 959.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after acquiring an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares in the last quarter. Kestra Advisory Services LLC bought a new position in NETSTREIT during the fourth quarter worth about $44,000. Finally, Inspire Investing LLC bought a new position in NETSTREIT during the fourth quarter worth about $45,000.

About NETSTREIT

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.