NETSTREIT (NYSE:NTST) Hits New 1-Year Low - Here's Why

Key Points

• NETSTREIT shares fell to a new 52-week low of $17.00, trading below both their 50-day and 200-day moving averages.
• Despite the decline, analysts remain broadly positive: 13 rate the stock Buy and two rate it Hold, with a consensus price target of $22.73.
• The company reported quarterly EPS of $0.06, below the $0.08 estimate, and reduced its dividend to $0.225 per quarter, implying a 5.3% yield and a 600% payout ratio.

NETSTREIT Corp. (NYSE:NTST - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $17.00 and last traded at $17.0250, with a volume of 119857 shares traded. The stock had previously closed at $17.21.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTST. Mizuho cut their price target on shares of NETSTREIT from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. UBS Group set a $22.00 price objective on shares of NETSTREIT in a report on Thursday, June 18th. Truist Financial initiated coverage on shares of NETSTREIT in a report on Thursday, October 1st. They set a "buy" rating and a $21.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of NETSTREIT from $22.25 to $23.50 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, BTIG Research boosted their target price on NETSTREIT from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NETSTREIT has an average rating of "Moderate Buy" and a consensus price target of $22.73.

NETSTREIT Trading Down 0.7%

The company's 50-day moving average is $19.67 and its 200-day moving average is $20.18. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 114.04, a P/E/G ratio of 2.28 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55.

NETSTREIT (NYSE:NTST - Get Free Report) last posted 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). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The company had revenue of $61.28 million during the quarter, compared to analyst estimates of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, research analysts predict that NETSTREIT Corp. will post 1.3 earnings per share for the current year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. This is a decrease from NETSTREIT's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, September 1st. NETSTREIT's payout ratio is currently 600.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of NETSTREIT by 1,163.1% during the third quarter. Versant Capital Management Inc now owns 1,642 shares of the company's stock valued at $29,000 after acquiring an additional 1,512 shares during the period. WINTON GROUP Ltd acquired a new stake in NETSTREIT in the second quarter worth about $1,682,000. Arizona State Retirement System increased its position in NETSTREIT by 16.8% in the second quarter. Arizona State Retirement System now owns 26,835 shares of the company's stock worth $567,000 after purchasing an additional 3,861 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NETSTREIT during the 2nd quarter valued at about $5,806,000. Finally, Two Sigma Securities LLC acquired a new position in NETSTREIT during the 2nd quarter valued at about $396,000.

NETSTREIT Company Profile

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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