NETSTREIT Corp. (NYSE:NTST) Given Average Recommendation of “Moderate Buy” by Brokerages

NETSTREIT Corp. (NYSE:NTST) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.4464.

NTST has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Mizuho lifted their price objective on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. UBS Group set a $22.00 price objective on shares of NETSTREIT in a report on Thursday, June 18th. BMO Capital Markets began coverage on NETSTREIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, Scotiabank cut their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th.

NETSTREIT Stock Performance

Shares of NTST opened at $21.43 on Tuesday. The stock has a 50-day moving average of $20.34 and a 200-day moving average of $19.47. NETSTREIT has a one year low of $16.45 and a one year high of $21.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84. The company has a market cap of $2.08 billion, a PE ratio of 164.86, a P/E/G ratio of 2.73 and a beta of 0.84.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $57.06 million during the quarter, compared to analyst estimates of $50.10 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, equities research analysts predict that NETSTREIT will post 1.31 EPS for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.88 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 16.4%. NETSTREIT’s payout ratio is presently 676.92%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $19.19 per share, with a total value of $95,950.00. Following the acquisition, the chief executive officer owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the completion of the transaction, the director directly owned 18,344 shares in the company, valued at $382,472.40. This trade represents a 28.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently bought and sold shares of NTST. Alyeska Investment Group L.P. lifted its stake in NETSTREIT by 171.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock valued at $71,040,000 after purchasing an additional 2,544,458 shares during the last quarter. Millennium Management LLC lifted its holdings in NETSTREIT by 88.8% during the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after purchasing an additional 1,782,158 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of NETSTREIT during the third quarter worth $20,498,000. Hudson Bay Capital Management LP lifted its position in shares of NETSTREIT by 35.1% during the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after acquiring an additional 986,842 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of NETSTREIT by 1,360.3% during the fourth quarter. Verition Fund Management LLC now owns 771,031 shares of the company’s stock worth $13,601,000 after acquiring an additional 718,231 shares in the last quarter.

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.