NETSTREIT Corp. (NYSE:NTST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.9615.

A number of brokerages have weighed in on NTST. BTIG Research boosted their price objective on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NETSTREIT in a report on Friday, August 7th. UBS Group set a $22.00 price target on shares of NETSTREIT in a research report on Thursday, June 18th. BMO Capital Markets increased their price target on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $25.00 price objective on shares of NETSTREIT in a research report on Wednesday, July 29th.

Hedge Funds Weigh In On NETSTREIT

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in NETSTREIT during the 2nd quarter worth approximately $404,780,000. Principal Financial Group Inc. increased its holdings in shares of NETSTREIT by 3.4% in the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company’s stock valued at $179,560,000 after purchasing an additional 309,453 shares during the period. Bank of America Corp DE increased its holdings in shares of NETSTREIT by 12.2% in the first quarter. Bank of America Corp DE now owns 3,433,461 shares of the company’s stock valued at $64,652,000 after purchasing an additional 372,337 shares during the period. Centersquare Investment Management LLC raised its stake in shares of NETSTREIT by 3.4% during the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock worth $64,449,000 after purchasing an additional 120,170 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of NETSTREIT during the second quarter worth approximately $44,589,000.

NETSTREIT Stock Performance

NYSE NTST opened at $18.20 on Friday. 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 has a 1 year low of $17.02 and a 1 year high of $22.47. The company has a market capitalization of $1.85 billion, a PE ratio of 121.34, a P/E/G ratio of 2.36 and a beta of 0.80. The company has a fifty day moving average of $20.69 and a two-hundred day moving average of $20.42.

NETSTREIT (NYSE:NTST) last posted its earnings results 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 for the quarter, compared to analyst estimates 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, analysts expect that NETSTREIT will post 1.3 earnings per share for the current year.

NETSTREIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. NETSTREIT’s dividend payout ratio is 600.00%.

About NETSTREIT

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.