NETSTREIT (NYSE:NTST) Price Target Raised to $25.00

NETSTREIT (NYSE:NTST) had its price objective upped by Cantor Fitzgerald from $24.00 to $25.00 in a report issued on Tuesday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently weighed in on NTST. Stifel Nicolaus raised their price objective on shares of NETSTREIT from $22.25 to $23.50 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Scotiabank reduced their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Citigroup reiterated a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. BMO Capital Markets boosted their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Robert W. Baird upped their price objective on NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.19.

NETSTREIT Price Performance

NETSTREIT stock opened at $21.55 on Tuesday. The firm has a market capitalization of $2.19 billion, a PE ratio of 143.67, a P/E/G ratio of 2.82 and a beta of 0.82. NETSTREIT has a 52 week low of $17.02 and a 52 week high of $22.47. The firm’s 50-day simple moving average is $20.83 and its 200 day simple moving average is $20.15. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88.

NETSTREIT (NYSE:NTST) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share 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 for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, equities research analysts predict that NETSTREIT will post 1.31 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.225 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.90 annualized dividend and a yield of 4.2%. NETSTREIT’s payout ratio is 586.67%.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $19.19 per share, with a total value of $95,950.00. Following the purchase, the chief executive officer directly owned 415,260 shares in the company, valued at $7,968,839.40. The trade was a 1.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P increased its position 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 purchasing an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NETSTREIT by 36.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at $44,000. Finally, Inspire Investing LLC purchased a new stake in shares of NETSTREIT during the 4th quarter valued at $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.