NETSTREIT (NYSE:NTST) Hits New 12-Month Low – What’s Next?

NETSTREIT Corp. (NYSE:NTST)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $17.00 and last traded at $17.0250, with a volume of 119,857 shares traded. The stock had previously closed at $17.21.

Analyst Upgrades and Downgrades

NTST has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of NETSTREIT in a research report on Thursday, October 1st. Robert W. Baird upped their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Scotiabank decreased their target price on shares of NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating for the company in a report on Thursday, September 24th. Truist Financial started coverage on shares of NETSTREIT in a research report on Thursday, October 1st. They issued a “buy” rating and a $21.00 target price on the stock. Finally, UBS Group set a $22.00 price target on shares of NETSTREIT in a report on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and two 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 price target of $22.73.

NETSTREIT Price Performance

The company has a current ratio of 3.55, a quick ratio of 3.54 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $19.50 and a 200 day simple moving average of $20.15. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 116.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last issued its 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 company had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, equities research analysts forecast that NETSTREIT Corp. will post 1.30 EPS for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.2250 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a decrease from NETSTREIT’s previous quarterly dividend of $0.88. This represents a $0.90 dividend on an annualized basis and a yield of 5.2%. NETSTREIT’s dividend payout ratio (DPR) is currently 600.00%.

Institutional Trading of NETSTREIT

A number of institutional investors and hedge funds have recently modified their holdings of NTST. GAMMA Investing LLC lifted its position in NETSTREIT by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock worth $35,000 after acquiring an additional 753 shares during the last quarter. Versant Capital Management Inc increased its position in NETSTREIT by 1,163.1% in the 3rd quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock worth $29,000 after buying an additional 1,512 shares during the period. WINTON GROUP Ltd acquired a new position in shares of NETSTREIT during the second quarter worth approximately $1,682,000. Arizona State Retirement System lifted its holdings in shares of NETSTREIT by 16.8% during the second quarter. Arizona State Retirement System now owns 26,835 shares of the company’s stock worth $567,000 after buying an additional 3,861 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of NETSTREIT in the second quarter valued at approximately $5,806,000.

About NETSTREIT

NETSTREIT Corp. (NYSE: NTST) is a real estate investment trust focused on owning and managing a portfolio of necessity-based retail properties. The company primarily invests in single-tenant, net-leased properties occupied by essential retailers, including grocery stores, pharmacies, convenience stores and other service-oriented businesses.

Under net lease arrangements, tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance, while NETSTREIT receives rental income under long-term leases.