Scotiabank Lowers NETSTREIT (NYSE:NTST) Price Target to $20.00

Key Points

• Scotiabank lowered NETSTREIT’s price target from $22 to $20 while maintaining a “sector outperform” rating, implying about 8.8% upside from the prior close.
• Analyst sentiment remains broadly positive: 13 analysts rate the stock a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $22.81.
• NETSTREIT reported quarterly EPS of $0.06, below the $0.08 consensus estimate, though revenue of $61.28 million exceeded expectations of $56.41 million. Shares opened at $18.39, compared with a 52-week range of $17.02 to $22.47.

NETSTREIT (NYSE:NTST - Get Free Report) had its target price decreased by equities researchers at Scotiabank from $22.00 to $20.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 8.77% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. Cantor Fitzgerald boosted their price objective on NETSTREIT from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $25.00 target price on shares of NETSTREIT in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. UBS Group set a $22.00 price target on NETSTREIT in a report on Thursday, June 18th. Finally, Stifel Nicolaus increased their price objective on NETSTREIT from $22.25 to $23.50 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NETSTREIT currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.81.

NETSTREIT Price Performance

NYSE NTST opened at $18.39 on Thursday. The company has a market cap of $1.87 billion, a P/E ratio of 122.58, a P/E/G ratio of 2.37 and a beta of 0.80. NETSTREIT has a 1 year low of $17.02 and a 1 year high of $22.47. The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $20.50 and a 200 day simple moving average of $20.36.

NETSTREIT (NYSE:NTST - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to analyst estimates 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, sell-side analysts predict that NETSTREIT will post 1.3 EPS for the current year.

Institutional Investors Weigh In On NETSTREIT

A number of hedge funds have recently made changes to their positions in NTST. PNC Financial Services Group Inc. grew its holdings in NETSTREIT by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company's stock worth $85,000 after acquiring an additional 549 shares during the period. Sanctuary Advisors LLC lifted its stake in NETSTREIT by 9.1% in the first quarter. Sanctuary Advisors LLC now owns 18,923 shares of the company's stock valued at $356,000 after buying an additional 1,574 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in NETSTREIT by 1.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 124,000 shares of the company's stock worth $2,187,000 after buying an additional 2,200 shares during the last quarter. Parallel Advisors LLC grew its position in shares of NETSTREIT by 175.2% during the 1st quarter. Parallel Advisors LLC now owns 3,680 shares of the company's stock worth $69,000 after buying an additional 2,343 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of NETSTREIT by 9.6% in the 1st quarter. Cetera Investment Advisers now owns 30,071 shares of the company's stock valued at $566,000 after acquiring an additional 2,636 shares during the period.

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.

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