NETSTREIT (NYSE:NTST) Price Target Raised to $23.00

NETSTREIT (NYSE:NTST) had its target price lifted by Robert W. Baird from $22.00 to $23.00 in a research note published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company upped 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. Truist Financial increased their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Scotiabank dropped their target price on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. BMO Capital Markets boosted their target price on NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average target price of $22.68.

NETSTREIT Stock Up 1.4%

Shares of NTST opened at $22.14 on Thursday. The firm has a market cap of $2.25 billion, a P/E ratio of 147.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.82. NETSTREIT has a 12-month low of $17.02 and a 12-month high of $22.47. The company’s 50-day moving average price is $20.74 and its 200 day moving average price is $20.01. The company has a current ratio of 3.55, a quick ratio of 2.84 and a debt-to-equity ratio of 0.88.

NETSTREIT (NYSE:NTST) last posted its 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 company had revenue of $61.28 million during the quarter, compared to analyst estimates 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, sell-side analysts forecast that NETSTREIT will post 1.31 earnings per share for the current year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 dividend on an annualized basis and a yield of 4.1%. NETSTREIT’s dividend payout ratio (DPR) is currently 586.67%.

Insider Transactions at NETSTREIT

In related news, CEO Mark Manheimer acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Institutional Trading of NETSTREIT

A number of large investors have recently made changes to their positions in NTST. Loomis Sayles & Co. L P raised its holdings in NETSTREIT by 959.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after acquiring an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after acquiring an additional 650 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $44,000. Finally, Inspire Investing LLC purchased a new stake in shares of NETSTREIT in the 4th quarter valued at approximately $45,000.

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.