NETSTREIT (NYSE:NTST) Issues Quarterly Earnings Results

NETSTREIT (NYSE:NTST) posted its earnings results on Tuesday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31), FiscalAI reports. NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%.The company had revenue of $52.50 million during the quarter, compared to analysts’ expectations of $50.98 million.

NETSTREIT Stock Up 1.5%

NETSTREIT stock traded up $0.28 during mid-day trading on Tuesday, hitting $19.31. The company had a trading volume of 1,154,597 shares, compared to its average volume of 1,314,318. NETSTREIT has a 12 month low of $13.74 and a 12 month high of $19.65. The company has a market capitalization of $1.61 billion, a PE ratio of -1,931,100.00, a price-to-earnings-growth ratio of 3.90 and a beta of 0.88. The stock’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $18.25. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84.

Analysts Set New Price Targets

NTST has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th. Robert W. Baird lifted their price target on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a research note on Monday, February 2nd. Stifel Nicolaus increased their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of NETSTREIT in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.45.

Hedge Funds Weigh In On NETSTREIT

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after purchasing an additional 1,640 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of NETSTREIT by 39.1% during the third quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock valued at $132,000 after buying an additional 2,051 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of NETSTREIT during the third quarter valued at approximately $159,000. CIBC Bancorp USA Inc. bought a new stake in shares of NETSTREIT during the third quarter valued at approximately $183,000. Finally, Bayesian Capital Management LP purchased a new position in NETSTREIT in the 2nd quarter worth approximately $185,000.

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.