NETSTREIT (NYSE:NTST) Price Target Lowered to $22.00 at Scotiabank

NETSTREIT (NYSE:NTST) had its target price reduced by Scotiabank from $23.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 13.67% from the stock’s current price.

A number of other equities analysts have also recently commented on NTST. Raymond James Financial cut NETSTREIT from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a report on Tuesday, March 17th. Cantor Fitzgerald lifted their price target on NETSTREIT from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. UBS Group lifted their price target on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, March 9th. BMO Capital Markets assumed coverage on NETSTREIT in a report on Friday, April 17th. They set an “outperform” rating and a $24.00 price target for the company. Finally, Robert W. Baird lifted their price target on NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.45.

NETSTREIT Stock Down 0.5%

Shares of NTST traded down $0.10 during midday trading on Thursday, hitting $19.36. The stock had a trading volume of 233,588 shares, compared to its average volume of 1,405,930. The company has a 50 day simple moving average of $20.32 and a two-hundred day simple moving average of $19.33. NETSTREIT has a twelve month low of $16.42 and a twelve month high of $21.30. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 149.01, a price-to-earnings-growth ratio of 2.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84.

NETSTREIT (NYSE:NTST) last released its earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $57.06 million during the quarter, compared to analyst estimates of $50.10 million. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, analysts anticipate that NETSTREIT will post 1.31 EPS for the current year.

Insider Activity

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction that occurred on 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 owned 18,344 shares in the company, valued at $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NETSTREIT

A number of institutional investors have recently made changes to their positions in NTST. Alyeska Investment Group L.P. boosted its holdings in shares of NETSTREIT by 171.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after acquiring an additional 2,544,458 shares during the period. Millennium Management LLC boosted its stake in shares of NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock valued at $68,450,000 after buying an additional 1,782,158 shares during the period. William Blair Investment Management LLC bought a new stake in shares of NETSTREIT in the third quarter valued at approximately $20,498,000. Hudson Bay Capital Management LP boosted its stake in shares of NETSTREIT by 35.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock valued at $68,531,000 after buying an additional 986,842 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in shares of NETSTREIT by 37.9% in the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock valued at $63,813,000 after buying an additional 970,260 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.