NETSTREIT Corp. (NYSE:NTST) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Thirteen analysts give NETSTREIT a consensus rating of “Moderate Buy” (11 buys, 2 holds) with an average 12‑month target of $21.58, and several firms (Cantor Fitzgerald, Scotiabank, UBS, Truist) have recently raised price targets.
• In the latest quarter NETSTREIT reported EPS of $0.02 versus consensus $0.33 (a miss) while revenue was $52.5M (slightly above estimates); the stock trades at a high P/E of 223.96 and a market cap of about $1.96B.
• The company pays a quarterly dividend of $0.22 (annualized $0.88) for an approximate 4.4% yield despite a reported payout ratio of 977.78%, and large institutional investors such as Principal Financial recently increased stakes (Principal owns ~8.96M shares, ~$162M).

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.5833.

NTST has been the topic of several analyst reports. Cantor Fitzgerald increased their target price on NETSTREIT from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Tuesday, February 17th. Scotiabank boosted their price target on NETSTREIT from $21.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, March 2nd. UBS Group increased their price objective on shares of NETSTREIT from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of NETSTREIT in a research note on Friday, March 27th. Finally, Truist Financial boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, March 23rd.

Institutional Investors Weigh In On NETSTREIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of NETSTREIT by 11.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company's stock worth $161,783,000 after buying an additional 955,951 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in NETSTREIT by 1,042.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 162,200 shares of the company's stock valued at $2,929,000 after acquiring an additional 148,000 shares during the last quarter. AlphaQuest LLC raised its stake in NETSTREIT by 100.7% during the third quarter. AlphaQuest LLC now owns 193,566 shares of the company's stock worth $3,496,000 after acquiring an additional 97,116 shares in the last quarter. Allianz Asset Management GmbH raised its stake in NETSTREIT by 76.1% during the third quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company's stock worth $1,435,000 after acquiring an additional 34,334 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of NETSTREIT by 92.6% in the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company's stock worth $28,172,000 after acquiring an additional 749,811 shares during the last quarter.

NETSTREIT Stock Up 0.8%

Shares of NTST opened at $20.16 on Thursday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. NETSTREIT has a 12 month low of $15.23 and a 12 month high of $21.30. The firm's 50 day moving average is $19.89 and its 200-day moving average is $18.77. The stock has a market capitalization of $1.96 billion, a PE ratio of 223.96, a P/E/G ratio of 3.11 and a beta of 0.88.

NETSTREIT (NYSE:NTST - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.31). NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%.The company had revenue of $52.50 million for the quarter, compared to analyst estimates of $50.98 million. Equities research analysts forecast that NETSTREIT will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.4%. This is a positive change from NETSTREIT's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, March 16th. NETSTREIT's payout ratio is 977.78%.

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.

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