Capital One Financial Comments on NETSTREIT FY2024 Earnings

NETSTREIT Corp. (NYSE:NTST) – Equities researchers at Capital One Financial issued their FY2024 earnings per share (EPS) estimates for shares of NETSTREIT in a report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo expects that the company will post earnings per share of $1.18 for the year. Capital One Financial has a “Overweight” rating on the stock. The consensus estimate for NETSTREIT’s current full-year earnings is $1.19 per share. Capital One Financial also issued estimates for NETSTREIT’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.19 EPS.

Other research analysts have also recently issued research reports about the company. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $18.00 in a research report on Monday, November 11th. Stifel Nicolaus decreased their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Raymond James decreased their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. Finally, Mizuho decreased their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $17.75.

NETSTREIT Stock Down 0.0 %

NTST stock opened at $13.88 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -231.21 and a beta of 1.00. The business’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $15.48. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in NETSTREIT in the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. grew its position in NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after acquiring an additional 4,865 shares during the last quarter. Comerica Bank grew its position in NETSTREIT by 174.3% in the fourth quarter. Comerica Bank now owns 9,703 shares of the company’s stock valued at $137,000 after acquiring an additional 6,166 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in NETSTREIT in the third quarter valued at about $166,000. Finally, Mariner LLC bought a new position in NETSTREIT in the fourth quarter valued at about $143,000.

About NETSTREIT

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.