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

NETSTREIT Corp. (NYSE:NTST)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.69 and last traded at $21.5760, with a volume of 1713080 shares trading hands. The stock had previously closed at $21.66.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank cut their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Wells Fargo & Company raised their price target on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BMO Capital Markets assumed coverage on shares of NETSTREIT in a research note on Friday, April 17th. They set an “outperform” rating and a $24.00 price objective for the company. Cantor Fitzgerald boosted their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Robert W. Baird increased their target price on shares of NETSTREIT from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

NETSTREIT Price Performance

The firm has a market capitalization of $2.14 billion, a P/E ratio of 168.87, a P/E/G ratio of 2.76 and a beta of 0.82. The stock’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $19.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.09 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. As a group, analysts expect that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 16.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. NETSTREIT’s dividend payout ratio is currently 676.92%.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the acquisition, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. The trade was a 1.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin Mcbride Zeigler sold 7,192 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the transaction, the director owned 18,344 shares in the company, valued at approximately $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On NETSTREIT

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in NETSTREIT by 175.2% during the first quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $69,000 after buying an additional 2,343 shares during the period. Bank of America Corp DE raised its position in shares of NETSTREIT by 12.2% in the 1st quarter. Bank of America Corp DE now owns 3,433,461 shares of the company’s stock worth $64,652,000 after acquiring an additional 372,337 shares in the last quarter. Amundi raised its position in shares of NETSTREIT by 35.4% in the 1st quarter. Amundi now owns 65,346 shares of the company’s stock worth $1,230,000 after acquiring an additional 17,074 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of NETSTREIT by 36.7% during the 1st quarter. California State Teachers Retirement System now owns 107,809 shares of the company’s stock worth $2,030,000 after purchasing an additional 28,924 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of NETSTREIT by 14.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 40,776 shares of the company’s stock worth $768,000 after purchasing an additional 5,084 shares during the last quarter.

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.