NETSTREIT (NYSE:NTST) Issues Earnings Results

NETSTREIT (NYSE:NTST) released its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), FiscalAI reports. The firm had revenue of $61.28 million during the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT updated its FY 2026 guidance to 1.370-1.390 EPS.

NETSTREIT Trading Down 1.7%

NTST stock traded down $0.37 during trading on Wednesday, reaching $21.55. The company had a trading volume of 1,938,936 shares, compared to its average volume of 1,659,546. NETSTREIT has a 52 week low of $17.02 and a 52 week high of $22.47. The company has a market cap of $2.10 billion, a P/E ratio of 165.77, a PEG ratio of 2.80 and a beta of 0.82. The business has a 50 day moving average of $20.66 and a 200 day moving average of $19.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.

Insider Activity at NETSTREIT

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the transaction, the director owned 18,344 shares in the company, valued at approximately $382,472.40. This represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Manheimer bought 5,000 shares of NETSTREIT stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the acquisition, the chief executive officer directly owned 415,260 shares in the company, valued at approximately $7,968,839.40. This trade represents a 1.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in shares of NETSTREIT by 171.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after buying an additional 2,544,458 shares in the last quarter. Millennium Management LLC increased its stake in shares of NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after acquiring an additional 1,782,158 shares in the last quarter. BROOKFIELD Corp ON lifted its position in NETSTREIT by 158.5% during the 4th quarter. BROOKFIELD Corp ON now owns 1,080,483 shares of the company’s stock valued at $19,060,000 after acquiring an additional 662,459 shares during the period. Ameriprise Financial Inc. lifted its position in NETSTREIT by 1,058.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 648,318 shares of the company’s stock valued at $11,709,000 after acquiring an additional 592,335 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in NETSTREIT by 96.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,162,949 shares of the company’s stock worth $19,689,000 after acquiring an additional 570,094 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on NTST. Cantor Fitzgerald raised their target price on NETSTREIT from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Scotiabank lowered their price target on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group started coverage on NETSTREIT in a report on Monday, June 1st. They issued a “buy” rating and a $23.00 price objective for the company. Truist Financial boosted their target price on NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Robert W. Baird upped their target price on NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.52.

NETSTREIT Company Profile

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.