NETSTREIT Corp. (NYSE:NTST) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts favor NETSTREIT: Fifteen analysts give the stock a consensus “Moderate Buy” rating, with 13 buys and two holds. The average 12-month price target is $22.73, above its reported opening price of $17.21.
• Shares have weakened: NETSTREIT traded down 2.4% and was near its 52-week low of $17.02, while recent analysts issued mixed target-price revisions ranging from $20.00 to $25.00.
• Dividend was reduced: The quarterly dividend fell to $0.225 per share, or $0.90 annually, implying a 5.2% yield. The reported payout ratio was 600%, highlighting pressure relative to earnings.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $22.73.

Several research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $25.00 target price on shares of NETSTREIT in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price target on NETSTREIT from $22.25 to $23.50 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Scotiabank decreased their price target on NETSTREIT from $22.00 to $20.00 and set a "sector outperform" rating for the company in a research note on Thursday, September 24th. Mizuho lowered their price objective on NETSTREIT from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Finally, UBS Group set a $22.00 target price on NETSTREIT in a report on Thursday, June 18th.

NETSTREIT Trading Down 2.4%

NTST opened at $17.21 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.55 and a quick ratio of 3.54. NETSTREIT has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The company's 50 day moving average price is $19.67 and its two-hundred day moving average price is $20.18. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 114.76, a PEG ratio of 2.28 and a beta of 0.80.

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

NETSTREIT Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.2250 dividend. This is a decrease from NETSTREIT's previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, September 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.2%. NETSTREIT's dividend payout ratio is presently 600.00%.

Institutional Investors Weigh In On NETSTREIT

Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in NETSTREIT during the second quarter worth $404,780,000. Principal Financial Group Inc. boosted its position in NETSTREIT by 3.4% during the first quarter. Principal Financial Group Inc. now owns 9,535,801 shares of the company's stock valued at $179,560,000 after acquiring an additional 309,453 shares during the last quarter. Bank of America Corp DE grew its holdings in NETSTREIT by 12.2% during the 1st quarter. Bank of America Corp DE now owns 3,433,461 shares of the company's stock worth $64,652,000 after acquiring an additional 372,337 shares during the period. Centersquare Investment Management LLC grew its holdings in NETSTREIT by 3.4% during the 4th quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company's stock worth $64,449,000 after acquiring an additional 120,170 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of NETSTREIT in the 2nd quarter worth about $44,589,000.

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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