NETSTREIT (NYSE:NTST) Hits New 1-Year High – Should You Buy?

NETSTREIT Corp. (NYSE:NTST)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $20.61 and last traded at $20.53, with a volume of 16031 shares traded. The stock had previously closed at $20.39.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTST. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Mizuho cut their price objective on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a research note on Monday, February 2nd. Robert W. Baird raised their target price on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Cantor Fitzgerald lifted their price target on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.64.

NETSTREIT Stock Performance

The firm has a market capitalization of $1.98 billion, a P/E ratio of 226.44, a P/E/G ratio of 3.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.12. The stock’s 50 day moving average is $18.35 and its two-hundred day moving average is $18.34.

NETSTREIT (NYSE:NTST) last released its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. The company had revenue of $52.50 million during the quarter, compared to analyst estimates of $50.98 million. As a group, equities analysts anticipate that NETSTREIT Corp. will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.22 per share. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 16th. This represents a $0.88 annualized dividend and a yield of 4.3%. NETSTREIT’s dividend payout ratio is 955.56%.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in NTST. Alyeska Investment Group L.P. increased its holdings in NETSTREIT by 171.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after buying an additional 2,544,458 shares during the last quarter. Millennium Management LLC increased its stake in shares of NETSTREIT by 88.8% during the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after purchasing an additional 1,782,158 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of NETSTREIT in the 3rd quarter valued at about $20,498,000. Hudson Bay Capital Management LP lifted its stake in NETSTREIT by 35.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock valued at $68,531,000 after purchasing an additional 986,842 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in NETSTREIT by 37.9% during the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after purchasing an additional 970,260 shares during the period.

About NETSTREIT

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.