NETSTREIT (NYSE:NTST) Hits New 1-Year High – What’s Next?

NETSTREIT Corp. (NYSE:NTST)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.27 and last traded at $21.27, with a volume of 983697 shares changing hands. The stock had previously closed at $20.93.

Analysts Set New Price Targets

NTST has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday. Mizuho reduced their target price on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Truist Financial boosted their price target on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Cantor Fitzgerald upped their price target on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.83.

NETSTREIT Trading Up 0.8%

The business’s 50-day moving average is $18.81 and its two-hundred day moving average is $18.44. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.05 billion, a PE ratio of 234.33, a PEG ratio of 3.27 and a beta of 0.86.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31). The company had revenue of $52.50 million during the quarter, compared to analysts’ expectations of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, analysts predict that NETSTREIT Corp. will post 1.19 earnings per share for the current year.

NETSTREIT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 4.2%. This is a boost from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 16th. NETSTREIT’s payout ratio is currently 955.56%.

Hedge Funds Weigh In On NETSTREIT

A number of institutional investors have recently added to or reduced their stakes in NTST. Loomis Sayles & Co. L P boosted its position in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after buying an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NETSTREIT by 1,123.3% during the second 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of NETSTREIT by 36.3% in the fourth 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 position in NETSTREIT in the fourth quarter valued at about $44,000. Finally, Inspire Investing LLC acquired a new stake in NETSTREIT during the 4th quarter valued at approximately $45,000.

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.