NETSTREIT (NYSE:NTST) Sets New 52-Week High – Still a Buy?

NETSTREIT Corp. (NYSE:NTST)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $19.87 and last traded at $19.84, with a volume of 8971000 shares traded. The stock had previously closed at $19.26.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a report on Monday, February 2nd. Mizuho lowered their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Truist Financial lifted their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price target on shares of NETSTREIT in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.45.

NETSTREIT Trading Up 1.8%

The company has a debt-to-equity ratio of 0.75, a current ratio of 3.12 and a quick ratio of 3.85. The business’s fifty day simple moving average is $18.09 and its 200 day simple moving average is $18.28. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 224.50, a P/E/G ratio of 4.08 and a beta of 0.88.

NETSTREIT (NYSE:NTST) last released its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $50.98 million. NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. On average, research analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current 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 issued a dividend of $0.22 per share. This is a positive change from NETSTREIT’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.88 annualized dividend and a dividend yield of 4.4%. NETSTREIT’s dividend payout ratio (DPR) is 955.56%.

Institutional Investors Weigh In On NETSTREIT

Institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P increased its stake in shares of NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock valued at $26,000 after acquiring an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of NETSTREIT by 1,123.3% during the second 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. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NETSTREIT by 36.3% in 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 last quarter. Kestra Advisory Services LLC purchased a new position in NETSTREIT in the fourth quarter worth $44,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of NETSTREIT in the 4th quarter worth about $64,000.

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.