NETSTREIT (NYSE:NTST) Price Target Raised to $23.00 at Wells Fargo & Company

NETSTREIT (NYSE:NTST) had its price target boosted by equities researchers at Wells Fargo & Company from $22.00 to $23.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 15.84% from the stock’s current price.

Several other brokerages also recently weighed in on NTST. BTIG Research boosted their target price on NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. UBS Group boosted their price target on NETSTREIT from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Cantor Fitzgerald boosted their price target on NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Citigroup reiterated a “neutral” rating on shares of NETSTREIT in a research note on Friday, April 24th. Finally, Mizuho boosted their price target on NETSTREIT from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NETSTREIT presently has an average rating of “Moderate Buy” and a consensus price target of $22.52.

NETSTREIT Stock Down 2.0%

NTST stock traded down $0.41 on Monday, hitting $19.86. 282,041 shares of the company’s stock were exchanged, compared to its average volume of 1,422,359. NETSTREIT has a 12-month low of $15.68 and a 12-month high of $21.30. The firm has a 50 day moving average price of $20.07 and a two-hundred day moving average price of $19.17. 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 market cap of $1.93 billion, a P/E ratio of 152.79, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84.

NETSTREIT (NYSE:NTST) last announced its earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.The business had revenue of $57.06 million for the quarter, compared to analysts’ expectations of $50.10 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, equities research analysts expect that NETSTREIT will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction 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 transaction, the director owned 18,344 shares of the company’s stock, valued at approximately $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P increased its stake in NETSTREIT by 959.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after acquiring an additional 1,333 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in 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. increased its stake in NETSTREIT by 36.3% during 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 during the last quarter. Kestra Advisory Services LLC acquired a new stake in NETSTREIT during the fourth quarter worth $44,000. Finally, Inspire Investing LLC acquired a new stake in NETSTREIT during the fourth quarter worth $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.