NETSTREIT (NYSE:NTST) Given New $20.00 Price Target at Mizuho

Key Points

• Mizuho lowered NETSTREIT’s price target to $20 from $23 while maintaining an “outperform” rating, implying approximately 10.64% upside from the stock’s $18.08 opening price.
• Analyst sentiment remains positive overall: 13 analysts rate the stock a Buy and two rate it a Hold, resulting in a consensus “Moderate Buy” rating and a $22.96 target price.
• NETSTREIT’s latest quarterly results were mixed, with earnings per share of $0.06 missing estimates of $0.08, though revenue of $61.28 million exceeded expectations of $56.41 million.

NETSTREIT (NYSE:NTST - Get Free Report) had its price objective cut by analysts at Mizuho from $23.00 to $20.00 in a report released on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective would indicate a potential upside of 10.64% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NETSTREIT in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a "buy" rating and set a $25.00 price target on shares of NETSTREIT in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on NETSTREIT from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Finally, Robert W. Baird lifted their price target on shares of NETSTREIT from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Thirteen 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.96.

NETSTREIT Stock Performance

Shares of NYSE NTST opened at $18.08 on Thursday. The firm's 50-day moving average price is $20.82 and its 200-day moving average price is $20.45. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.84 billion, a PE ratio of 122.07, a PEG ratio of 2.50 and a beta of 0.80. NETSTREIT has a 52-week low of $17.02 and a 52-week high of $22.47.

NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share 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 net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, analysts anticipate that NETSTREIT will post 1.3 EPS for the current year.

Institutional Trading of NETSTREIT

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of NETSTREIT in the 2nd quarter worth about $2,339,000. Easterly Investment Partners LLC bought a new position in NETSTREIT during the 4th quarter valued at about $9,422,000. Dockside LLC purchased a new stake in NETSTREIT in the 2nd quarter worth about $1,202,000. William Blair Investment Management LLC purchased a new stake in NETSTREIT in the 2nd quarter worth about $17,695,000. Finally, Centersquare Investment Management LLC lifted its stake in NETSTREIT by 3.4% in 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.

NETSTREIT Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.