NETSTREIT (NYSE:NTST) Given New $23.00 Price Target at Robert W. Baird

NETSTREIT (NYSE:NTST) had its target price hoisted by Robert W. Baird from $22.00 to $23.00 in a research note released on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group started coverage on shares of NETSTREIT in a research note on Monday, June 1st. They set a “buy” rating and a $23.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of NETSTREIT from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. UBS Group set a $22.00 price objective on shares of NETSTREIT in a research report on Thursday, June 18th. Scotiabank lowered their target price on NETSTREIT from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Finally, Weiss Ratings raised NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.68.

NETSTREIT Stock Up 0.7%

Shares of NYSE:NTST opened at $21.73 on Thursday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 144.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. The company has a 50 day moving average of $20.70 and a two-hundred day moving average of $19.99. NETSTREIT has a 52-week low of $17.02 and a 52-week high of $22.47. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.81.

NETSTREIT (NYSE:NTST) last posted its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $61.28 million for the quarter, compared to analyst estimates of $56.41 million. NETSTREIT had a return on equity of 0.98% and a net margin of 6.35%.NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, analysts forecast that NETSTREIT will post 1.31 earnings per share for the current fiscal year.

NETSTREIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. NETSTREIT’s dividend payout ratio (DPR) is presently 676.92%.

Insider Activity

In related news, CEO Mark Manheimer purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the purchase, the chief executive officer owned 415,260 shares in the company, valued at approximately $7,968,839.40. This represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of NETSTREIT by 343.1% in the 1st quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after purchasing an additional 28,441 shares during the last quarter. Amundi lifted its position in shares of NETSTREIT by 1.6% during the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after purchasing an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NETSTREIT by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after purchasing an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NETSTREIT by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after purchasing an additional 17,188 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NETSTREIT by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after purchasing an additional 42,121 shares in the last quarter.

NETSTREIT News Summary

Here are the key news stories impacting NETSTREIT this week:

• Positive Sentiment: Robert W. Baird raised its price target on NETSTREIT to $23 from $22 and kept an “outperform” rating, signaling continued upside confidence in the stock. Benzinga source
• Positive Sentiment: NETSTREIT beat Zacks’ FFO estimate, reporting quarterly FFO of $0.35 per share versus expectations of $0.34, which is a key profitability measure for REITs. Zacks article
• Positive Sentiment: The company raised FY 2026 EPS guidance to $1.370-$1.390, above the consensus estimate of $1.31, suggesting management sees stronger full-year earnings than the market expected.
• Positive Sentiment: NETSTREIT also announced a quarterly dividend of $0.225 per share, underscoring its income appeal for REIT investors and implying an annualized yield of about 4.2%.
• Neutral Sentiment: Quarterly EPS came in at $0.06, missing the $0.08 consensus, but revenue of $61.28 million topped expectations of $56.41 million, making the headline results mixed rather than clearly negative.
• Neutral Sentiment: Management said the portfolio remained 100% occupied and the balance sheet was in excellent condition, which supports stability but does not appear to be a near-term catalyst by itself. Business Wire release

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.