NETSTREIT (NYSE:NTST) Reaches New 12-Month Low on Analyst Downgrade

Key Points

• NETSTREIT shares hit a new 52-week low, falling to about $16.94 after Mizuho cut its price target from $20 to $19, while maintaining an “outperform” rating.
• Despite the downgrade, analyst sentiment remains broadly positive: 12 analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target price of $22.46.
• Recent quarterly results were mixed: NETSTREIT reported $0.06 in EPS, below the $0.08 consensus, but revenue of $61.28 million exceeded expectations of $56.41 million. Institutional investors also made several additions to their holdings.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) reached a new 52-week low on Monday after Mizuho lowered their price target on the stock from $20.00 to $19.00. Mizuho currently has an outperform rating on the stock. NETSTREIT traded as low as $16.97 and last traded at $16.9350, with a volume of 41,471 shares trading hands. The stock had previously closed at $17.19.

NTST has been the subject of a number of other reports. Robert W. Baird upped their price objective on NETSTREIT from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating and set a $25.00 price target on shares of NETSTREIT in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NETSTREIT in a research report on Friday, August 7th. Truist Financial started coverage on shares of NETSTREIT in a research note on Thursday, October 1st. They set a "buy" rating and a $21.00 price target on the stock. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of NETSTREIT in a report on Thursday, October 1st. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.46.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of NETSTREIT by 62.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,967 shares of the company's stock worth $35,000 after buying an additional 753 shares during the last quarter. Versant Capital Management Inc raised its holdings 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 in the last quarter. WINTON GROUP Ltd bought a new position in shares of NETSTREIT during the second quarter valued at approximately $1,682,000. Arizona State Retirement System raised its holdings in shares of NETSTREIT by 16.8% during the second quarter. Arizona State Retirement System now owns 26,835 shares of the company's stock valued at $567,000 after acquiring an additional 3,861 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in NETSTREIT in the second quarter worth $5,806,000.

NETSTREIT Price Performance

The business has a 50 day moving average of $19.13 and a 200 day moving average of $20.11. The company has a market cap of $1.72 billion, a PE ratio of 112.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. 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 (NYSE:NTST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, research analysts predict that NETSTREIT Corp. will post 1.30 EPS for the current year.

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.

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.