NETSTREIT (NYSE:NTST) Hits New 52-Week High – Time to Buy?

NETSTREIT Corp. (NYSE:NTST) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.69 and last traded at $21.5760, with a volume of 1713080 shares trading hands. The stock had previously closed at $21.66.

Analysts Set New Price Targets

Several brokerages recently commented on NTST. BTIG Research raised their target price on NETSTREIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Stifel Nicolaus boosted their price target on shares of NETSTREIT from $21.00 to $22.25 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald raised their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets initiated coverage on shares of NETSTREIT in a report on Friday, April 17th. They set an “outperform” rating and a $24.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.45.

NETSTREIT Trading Down 0.8%

The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.09 billion, a P/E ratio of 165.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The business’s fifty day simple moving average is $20.38 and its 200 day simple moving average is $19.58.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings data 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). The company had revenue of $57.06 million during the quarter, compared to the consensus estimate of $50.09 million. NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. As a group, analysts expect that NETSTREIT Corp. will post 1.31 EPS for the current year.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.88 dividend. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $3.52 annualized dividend and a yield of 16.4%. The ex-dividend date was Monday, June 1st. NETSTREIT’s dividend payout ratio (DPR) is 676.92%.

Insider Transactions at NETSTREIT

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the completion of the sale, the director directly owned 18,344 shares of the company’s stock, valued at approximately $382,472.40. The trade was a 28.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Manheimer purchased 5,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $19.19 per share, with a total value of $95,950.00. Following the transaction, the chief executive officer owned 415,260 shares in the company, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.66% of the stock is owned by company insiders.

Institutional Trading of NETSTREIT

Several institutional investors and hedge funds have recently made changes to their positions in NTST. Loomis Sayles & Co. L P lifted its stake in shares of 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 purchasing an additional 1,333 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 purchasing an additional 650 shares during the period. Kestra Advisory Services LLC bought a new stake in NETSTREIT in the fourth quarter valued at about $44,000. Finally, Inspire Investing LLC acquired a new position in NETSTREIT in the fourth quarter valued at about $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.