NETSTREIT Corp. (NYSE:NTST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of NETSTREIT Corp. (NYSE:NTST) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.3636.

NTST has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Mizuho lowered their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Berenberg Bank initiated coverage on shares of NETSTREIT in a research note on Monday, October 13th. They set a “buy” rating and a $22.00 price objective on the stock. Truist Financial upped their price objective on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Stifel Nicolaus raised their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th.

NETSTREIT Trading Down 0.9%

Shares of NYSE:NTST opened at $17.12 on Tuesday. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $17.79 and its 200 day moving average price is $18.08. The company has a market cap of $1.43 billion, a PE ratio of -1,711,700.00, a P/E/G ratio of 3.50 and a beta of 0.90. NETSTREIT has a fifty-two week low of $13.43 and a fifty-two week high of $19.64.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.32). The firm had revenue of $48.31 million during the quarter, compared to analyst estimates of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. Sell-side analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current year.

NETSTREIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, December 1st.

Hedge Funds Weigh In On NETSTREIT

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,640 shares during the period. State of Wyoming acquired a new position in NETSTREIT during the first quarter worth about $58,000. CWM LLC raised its position in NETSTREIT by 108.0% in the second quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after acquiring an additional 2,434 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in NETSTREIT by 39.1% in the third quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock worth $132,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in NETSTREIT in the 3rd quarter valued at about $159,000.

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.