Analysts Set NETSTREIT Corp. (NYSE:NTST) Price Target at $20.55

NETSTREIT Corp. (NYSE:NTST) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.5455.

NTST has been the subject of a number of analyst reports. Robert W. Baird upped their price target on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Mizuho boosted their price objective on NETSTREIT from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Stifel Nicolaus raised their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a report on Wednesday, August 27th. Finally, Wells Fargo & Company upped their price target on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th.

Institutional Investors Weigh In On NETSTREIT

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after acquiring an additional 1,782,158 shares in the last quarter. Nuveen LLC bought a new stake in NETSTREIT during the 1st quarter valued at approximately $18,181,000. William Blair Investment Management LLC bought a new stake in NETSTREIT during the 3rd quarter valued at approximately $20,498,000. MetLife Investment Management LLC lifted its holdings in NETSTREIT by 1,992.5% in the 1st quarter. MetLife Investment Management LLC now owns 1,023,171 shares of the company’s stock worth $16,217,000 after purchasing an additional 974,275 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in NETSTREIT by 37.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after purchasing an additional 970,260 shares during the period.

NETSTREIT Trading Down 0.2%

Shares of NETSTREIT stock opened at $17.64 on Friday. The company’s fifty day simple moving average is $18.37 and its 200-day simple moving average is $17.92. The stock has a market capitalization of $1.47 billion, a PE ratio of -1,763,500.00, a P/E/G ratio of 3.76 and a beta of 0.90. NETSTREIT has a 1-year low of $13.42 and a 1-year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

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

NETSTREIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.215 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.86 annualized dividend and a yield of 4.9%.

About NETSTREIT

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.