NETSTREIT (NYSE:NTST) Issues Quarterly Earnings Results

NETSTREIT (NYSE:NTST) released its quarterly earnings data on Monday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01, Zacks reports. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. NETSTREIT updated its FY 2025 guidance to 1.270-1.300 EPS.

NETSTREIT Stock Down 0.7 %

Shares of NTST opened at $14.21 on Tuesday. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $18.97. The firm has a market cap of $1.16 billion, a P/E ratio of -236.73 and a beta of 1.00. The firm’s 50-day simple moving average is $14.19 and its 200 day simple moving average is $15.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTST. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Raymond James lowered their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Truist Financial lowered their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Mizuho lowered their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.75.

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.