Wedbush Issues Pessimistic Forecast for NETSTREIT Earnings

NETSTREIT Corp. (NYSE:NTST) – Stock analysts at Wedbush dropped their FY2025 earnings estimates for shares of NETSTREIT in a research note issued on Friday, February 7th. Wedbush analyst J. Kornreich now anticipates that the company will earn $1.20 per share for the year, down from their prior forecast of $1.23. The consensus estimate for NETSTREIT’s current full-year earnings is $1.19 per share.

NTST has been the subject of a number of other reports. UBS Group assumed coverage on NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price target for the company. Truist Financial decreased their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Stifel Nicolaus reduced their target price on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho lowered their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $18.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NETSTREIT presently has a consensus rating of “Buy” and an average price target of $17.75.

NETSTREIT Stock Down 0.7 %

Shares of NYSE:NTST opened at $14.31 on Monday. The firm has a market capitalization of $1.17 billion, a PE ratio of -238.51 and a beta of 1.00. The business has a 50 day simple moving average of $14.50 and a two-hundred day simple moving average of $15.60. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $18.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB purchased a new position in shares of NETSTREIT in the fourth quarter valued at approximately $6,714,000. JPMorgan Chase & Co. raised its stake in NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company’s stock valued at $9,414,000 after purchasing an additional 361,577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in NETSTREIT by 1,931.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after purchasing an additional 1,535,761 shares in the last quarter. Vestcor Inc acquired a new stake in NETSTREIT during the 3rd quarter worth $913,000. Finally, Geode Capital Management LLC raised its position in shares of NETSTREIT by 6.0% in the third quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock valued at $32,748,000 after buying an additional 112,047 shares during the last quarter.

NETSTREIT Company Profile

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.