Mizuho Cuts NETSTREIT (NYSE:NTST) Price Target to $20.00

NETSTREIT (NYSE:NTST) had its price objective decreased by Mizuho from $23.00 to $20.00 in a research note published on Thursday morning, Marketbeat reports. Mizuho currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on NTST. BMO Capital Markets lifted their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 20th. UBS Group set a $22.00 price target on NETSTREIT in a research note on Thursday, June 18th. Scotiabank reduced their price objective on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. BTIG Research lifted their price objective on NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company boosted their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.96.

NETSTREIT Stock Down 0.2%

NYSE:NTST opened at $18.20 on Thursday. The firm’s 50-day moving average price is $20.69 and its 200-day moving average price is $20.42. The company has a market capitalization of $1.85 billion, a PE ratio of 121.34, a P/E/G ratio of 2.36 and a beta of 0.80. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The business had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, equities analysts predict that NETSTREIT will post 1.3 EPS for the current fiscal 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 given a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.90 annualized dividend and a yield of 4.9%. NETSTREIT’s dividend payout ratio is 600.00%.

Institutional Trading of NETSTREIT

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of NETSTREIT by 175.2% in the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after purchasing an additional 2,343 shares during the last quarter. KBC Group NV purchased a new stake in shares of NETSTREIT during the first quarter valued at $78,000. PNC Financial Services Group Inc. boosted its position in shares of NETSTREIT by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after buying an additional 549 shares during the last quarter. Ieq Capital LLC bought a new stake in NETSTREIT in the 2nd quarter worth about $208,000. Finally, Caxton Associates LLP increased its holdings in NETSTREIT by 25.0% in the 1st quarter. Caxton Associates LLP now owns 14,085 shares of the company’s stock worth $265,000 after buying an additional 2,813 shares in the last quarter.

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.