NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of “Moderate Buy” from Analysts

NETSTREIT Corp. (NYSE:NTST) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.4464.

Several analysts have recently issued reports on NTST shares. UBS Group set a $22.00 target price on shares of NETSTREIT in a research note on Thursday, June 18th. Truist Financial raised their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Mizuho boosted their price target on shares of NETSTREIT from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. BMO Capital Markets initiated coverage on shares of NETSTREIT in a research report on Friday, April 17th. They issued an “outperform” rating and a $24.00 price objective for the company. Finally, Cantor Fitzgerald increased their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd.

Insider Buying and Selling

In related news, Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 18,344 shares of the company’s stock, valued at approximately $382,472.40. This trade represents a 28.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Manheimer acquired 5,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the transaction, the chief executive officer owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. The trade was a 1.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. boosted 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 acquiring an additional 2,544,458 shares during the last quarter. Millennium Management LLC grew 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 period. William Blair Investment Management LLC purchased a new stake in NETSTREIT in the third quarter worth $20,498,000. Hudson Bay Capital Management LP increased its position in NETSTREIT by 35.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after buying an additional 986,842 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of NETSTREIT by 1,360.3% in the fourth quarter. Verition Fund Management LLC now owns 771,031 shares of the company’s stock valued at $13,601,000 after buying an additional 718,231 shares during the period.

NETSTREIT Stock Up 2.4%

Shares of NETSTREIT stock traded up $0.51 on Tuesday, hitting $21.98. The company had a trading volume of 497,259 shares, compared to its average volume of 1,669,163. NETSTREIT has a 1 year low of $16.71 and a 1 year high of $22.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a 50 day moving average of $20.40 and a 200-day moving average of $19.61. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 169.05, a P/E/G ratio of 2.79 and a beta of 0.82.

NETSTREIT (NYSE:NTST) last announced 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 company had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.09 million. NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, sell-side analysts forecast that NETSTREIT will post 1.31 earnings per share for the current year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.88 dividend. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a dividend yield of 16.0%. The ex-dividend date of this dividend was Monday, June 1st. NETSTREIT’s dividend payout ratio is currently 676.92%.

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.