NETSTREIT (NYSE:NTST) Given New $19.00 Price Target at Mizuho

NETSTREIT (NYSE:NTST) had its price target reduced by Mizuho from $20.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on NTST. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NETSTREIT in a research note on Thursday, October 1st. BMO Capital Markets increased their target price on shares of NETSTREIT from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Truist Financial began coverage on NETSTREIT in a research note on Thursday, October 1st. They issued a “buy” rating and a $21.00 target price on the stock. Scotiabank cut their target price on NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Jefferies Financial Group restated a “buy” rating and set a $25.00 price target on shares of NETSTREIT in a report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.46.

NETSTREIT Trading Down 2.1%

NYSE:NTST opened at $16.82 on Monday. The company has a fifty day moving average of $19.06 and a 200 day moving average of $20.09. NETSTREIT has a 52 week low of $16.63 and a 52 week high of $22.47. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of 112.17, a P/E/G ratio of 2.22 and a beta of 0.80.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $56.41 million. NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. On average, research analysts predict that NETSTREIT will post 1.30 earnings per share for the current year.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in shares of NETSTREIT by 1,163.1% during the 3rd quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock worth $29,000 after acquiring an additional 1,512 shares during the period. GAMMA Investing LLC raised its position in shares of NETSTREIT by 62.0% in 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 in the last quarter. Parallel Advisors LLC raised its position in shares of NETSTREIT by 175.2% in the 1st quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after acquiring an additional 2,343 shares in the last quarter. KBC Group NV purchased a new position in shares of NETSTREIT in the 1st quarter valued at approximately $78,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of NETSTREIT by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after purchasing an additional 549 shares during the period.

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.