NETSTREIT (NYSE:NTST) Sets New 1-Year High – Here’s What Happened

Shares of NETSTREIT Corp. (NYSE:NTST) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.07 and last traded at $21.9490, with a volume of 209007 shares trading hands. The stock had previously closed at $21.25.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NTST shares. Jefferies Financial Group assumed coverage on NETSTREIT in a report on Monday, June 1st. They issued a “buy” rating and a $23.00 price target for the company. Citigroup reaffirmed a “neutral” rating on shares of NETSTREIT in a report on Friday, April 24th. Scotiabank cut their price objective on shares of NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. BMO Capital Markets began coverage on NETSTREIT in a research note on Friday, April 17th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, Weiss Ratings upgraded NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.45.

NETSTREIT Stock Up 4.3%

The company has a debt-to-equity ratio of 0.81, a current ratio of 2.84 and a quick ratio of 2.84. The stock’s fifty day simple moving average is $20.55 and its two-hundred day simple moving average is $19.81. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 170.51, a PEG ratio of 2.75 and a beta of 0.82.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, April 20th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.The firm had revenue of $57.06 million for the quarter, compared to the consensus estimate of $50.09 million. NETSTREIT has set its FY 2026 guidance at 1.360-1.390 EPS. On average, sell-side analysts predict that NETSTREIT Corp. will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in NETSTREIT by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,539 shares of the company’s stock valued at $85,000 after acquiring an additional 549 shares during the last quarter. CWM LLC raised its stake in shares of NETSTREIT by 9.8% in the 4th quarter. CWM LLC now owns 6,841 shares of the company’s stock valued at $121,000 after acquiring an additional 608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $43,000 after buying an additional 650 shares during the period. Amundi boosted its holdings in NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after acquiring an additional 704 shares during the period. Finally, Mariner LLC increased its position in NETSTREIT by 3.6% in the 4th quarter. Mariner LLC now owns 20,725 shares of the company’s stock worth $366,000 after buying an additional 722 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.