NETSTREIT (NYSE:NTST) Reaches New 1-Year High – Still a Buy?

Shares of NETSTREIT Corp. (NYSE:NTST) hit a new 52-week high during trading on Wednesday . The company traded as high as $21.27 and last traded at $21.27, with a volume of 983697 shares. The stock had previously closed at $20.93.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BTIG Research raised their target price on NETSTREIT from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial increased their price target on NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Cantor Fitzgerald lifted their price objective on NETSTREIT from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Scotiabank upped their target price on NETSTREIT from $21.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.83.

NETSTREIT Trading Up 0.1%

The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.75. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 231.67, a price-to-earnings-growth ratio of 3.31 and a beta of 0.86. The firm has a 50-day moving average price of $18.95 and a 200 day moving average price of $18.47.

NETSTREIT (NYSE:NTST) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.31). NETSTREIT had a return on equity of 0.51% and a net margin of 3.54%.The firm had revenue of $52.50 million for the quarter, compared to the consensus estimate of $50.98 million. As a group, sell-side analysts forecast that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.22 dividend. This is an increase from NETSTREIT’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, March 16th. NETSTREIT’s dividend payout ratio is 955.56%.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT by 11.9% during the third quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock valued at $161,783,000 after acquiring an additional 955,951 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of NETSTREIT by 1,042.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 162,200 shares of the company’s stock worth $2,929,000 after acquiring an additional 148,000 shares during the period. AlphaQuest LLC lifted its position in NETSTREIT by 100.7% in the 3rd quarter. AlphaQuest LLC now owns 193,566 shares of the company’s stock valued at $3,496,000 after purchasing an additional 97,116 shares during the last quarter. Allianz Asset Management GmbH lifted its position in NETSTREIT by 76.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 79,454 shares of the company’s stock valued at $1,435,000 after purchasing an additional 34,334 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its stake in NETSTREIT by 92.6% during the 3rd quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock valued at $28,172,000 after purchasing an additional 749,811 shares during the period.

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.