NETSTREIT (NYSE:NTST) Hits New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

NTST has been the subject of several recent research reports. Truist Financial boosted their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Scotiabank boosted their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday. Cantor Fitzgerald increased their target price on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, BTIG Research boosted their price target on NETSTREIT from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NETSTREIT has a consensus rating of “Moderate Buy” and an average price target of $20.83.

NETSTREIT Stock Up 0.8%

The firm has a market cap of $2.05 billion, a PE ratio of 234.33, a PEG ratio of 3.27 and a beta of 0.86. 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 firm has a 50 day moving average price of $18.81 and a 200-day moving average price of $18.44.

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

NETSTREIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.22 dividend. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 16th. This represents a $0.88 dividend on an annualized basis and a yield of 4.2%. NETSTREIT’s payout ratio is 955.56%.

Hedge Funds Weigh In On NETSTREIT

A number of large investors have recently bought and sold shares of NTST. Loomis Sayles & Co. L P grew its position in shares of NETSTREIT by 959.0% in the fourth 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 holdings in NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after acquiring an additional 650 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of NETSTREIT during the 4th quarter worth about $44,000. Finally, Inspire Investing LLC purchased a new position in shares of NETSTREIT during the 4th quarter worth 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.