Brokerages Set NETSTREIT Corp. (NYSE:NTST) PT at $23.19

Shares of NETSTREIT Corp. (NYSE:NTST) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $22.9615.

A number of equities research analysts recently issued reports on NTST shares. Cantor Fitzgerald boosted their price objective on NETSTREIT from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Wells Fargo & Company increased their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Robert W. Baird lifted their target price on shares of NETSTREIT from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of NETSTREIT in a research report on Friday, August 7th. Finally, BTIG Research upped their price target on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th.

Institutional Investors Weigh In On NETSTREIT

Several institutional investors have recently made changes to their positions in NTST. Public Employees Retirement System of Ohio purchased a new stake in NETSTREIT in the 2nd quarter worth approximately $2,339,000. Easterly Investment Partners LLC bought a new position in NETSTREIT in the 4th quarter valued at $9,422,000. Dockside LLC purchased a new position in shares of NETSTREIT during the 2nd quarter valued at $1,202,000. William Blair Investment Management LLC purchased a new position in shares of NETSTREIT during the 2nd quarter valued at $17,695,000. Finally, Centersquare Investment Management LLC increased its holdings in shares of NETSTREIT by 3.4% in the fourth quarter. Centersquare Investment Management LLC now owns 3,653,585 shares of the company’s stock worth $64,449,000 after purchasing an additional 120,170 shares during the period.

NETSTREIT Stock Performance

NYSE:NTST opened at $18.23 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 121.52, a P/E/G ratio of 2.37 and a beta of 0.80. The business has a fifty day simple moving average of $20.75 and a two-hundred day simple moving average of $20.43. 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 1 year low of $17.02 and a 1 year high of $22.47.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to analysts’ expectations 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. On average, analysts expect that NETSTREIT will post 1.3 earnings per share for the current year.

NETSTREIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, September 1st. NETSTREIT’s payout ratio is currently 600.00%.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust (REIT) focused on owning and managing healthcare real estate in the United States. The company primarily invests in outpatient medical office properties that support essential healthcare services, including clinics, physician practices, specialty care facilities and other medical providers.

NETSTREIT generally leases its properties to healthcare systems, physician groups and other medical operators under long-term, net lease arrangements.