NETSTREIT (NYSE:NTST) Reaches New 12-Month Low on Analyst Downgrade

NETSTREIT Corp. (NYSE:NTST)’s share price reached a new 52-week low on Monday after Mizuho lowered their price target on the stock from $20.00 to $19.00. Mizuho currently has an outperform rating on the stock. NETSTREIT traded as low as $16.97 and last traded at $16.9350, with a volume of 41,471 shares changing hands. The stock had previously closed at $17.19.

Several other research analysts have also issued reports on the company. BTIG Research increased 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. BMO Capital Markets upped their price target on NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NETSTREIT in a research note on Thursday, October 1st. Truist Financial started coverage on NETSTREIT in a report on Thursday, October 1st. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Jefferies Financial Group reissued a “buy” rating and set a $25.00 price objective on shares of NETSTREIT in a research report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.46.

Hedge Funds Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in NTST. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 1,512 shares in the last quarter. GAMMA Investing LLC increased its position in NETSTREIT by 62.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock valued at $35,000 after buying an additional 753 shares in the last quarter. Parallel Advisors LLC raised its stake in NETSTREIT by 175.2% during the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock valued at $69,000 after buying an additional 2,343 shares during the last quarter. KBC Group NV purchased a new position in NETSTREIT during the first quarter valued at $78,000. Finally, PNC Financial Services Group Inc. raised its stake in 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.

NETSTREIT Stock Down 1.6%

The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $19.13 and a 200 day simple moving average of $20.11. The firm has a market capitalization of $1.72 billion, a P/E ratio of 112.81, a P/E/G ratio of 2.22 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). NETSTREIT had a return on equity of 0.95% and a net margin of 6.35%. The company had revenue of $61.28 million during 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 expect that NETSTREIT Corp. will post 1.30 EPS for the current fiscal year.

NETSTREIT Company Profile

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.