Mizuho Issues Pessimistic Forecast for NETSTREIT (NYSE:NTST) Stock Price

Key Points

• Mizuho lowered NETSTREIT’s price target from $20 to $19 while maintaining an “outperform” rating, implying roughly 10.6% upside from the prior close.
• Analyst sentiment remains positive overall: 12 analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of $22.71.
• NETSTREIT shares opened at $17.17, near their 52-week low of $17.00. The company’s latest quarterly EPS of $0.06 missed expectations, although revenue of $61.28 million exceeded the consensus estimate.

NETSTREIT (NYSE:NTST - Get Free Report) had its target price dropped by equities researchers at Mizuho from $20.00 to $19.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price suggests a potential upside of 10.64% from the company's previous close.

NTST has been the subject of several other reports. Weiss Ratings restated a "hold (c+)" rating on shares of NETSTREIT in a research report on Friday, August 7th. Scotiabank decreased their target price on shares of NETSTREIT from $22.00 to $20.00 and set a "sector outperform" rating on the stock in a report on Thursday, September 24th. BMO Capital Markets boosted their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, July 20th. Truist Financial started coverage on shares of NETSTREIT in a research note on Thursday, October 1st. They issued a "buy" rating and a $21.00 price target for the company. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of NETSTREIT in a report on Thursday, October 1st. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.71.

NETSTREIT Stock Down 0.1%

Shares of NYSE:NTST opened at $17.17 on Monday. NETSTREIT has a 52-week low of $17.00 and a 52-week high of $22.47. The stock has a market cap of $1.74 billion, a P/E ratio of 114.49, a PEG ratio of 2.22 and a beta of 0.80. The business has a fifty day moving average of $19.13 and a two-hundred day moving average of $20.11. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $61.28 million for the quarter, compared to analysts' expectations 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. On average, research analysts expect that NETSTREIT will post 1.30 earnings per share for the current year.

Hedge Funds Weigh In On NETSTREIT

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in NETSTREIT in the 2nd quarter valued at about $404,780,000. Bank of America Corp DE acquired a new position in NETSTREIT in the second quarter valued at about $63,046,000. Deutsche Bank AG purchased a new position in NETSTREIT during the second quarter worth about $44,589,000. Jupiter Topco LLC purchased a new position in NETSTREIT during the second quarter worth about $36,959,000. Finally, Bank of New York Mellon Corp purchased a new position in NETSTREIT during the second quarter worth about $23,844,000.

About NETSTREIT

NETSTREIT Corp. NYSE: NTST is a real estate investment trust focused on owning and managing a portfolio of necessity-based retail properties. The company primarily invests in single-tenant, net-leased properties occupied by essential retailers, including grocery stores, pharmacies, convenience stores and other service-oriented businesses.

Under net lease arrangements, tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance, while NETSTREIT receives rental income under long-term leases.

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