NETSTREIT (NYSE:NTST) Announces Earnings Results, Misses Estimates By $0.02 EPS

NETSTREIT (NYSE:NTST) posted its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02), FiscalAI reports. NETSTREIT had a net margin of 5.29% and a return on equity of 0.78%. The company had revenue of $61.28 million during the quarter, compared to analyst estimates of $56.41 million. NETSTREIT updated its FY 2026 guidance to 1.370-1.390 EPS.

NETSTREIT Price Performance

Shares of NTST stock traded down $0.37 on Wednesday, reaching $21.55. The company had a trading volume of 1,938,936 shares, compared to its average volume of 1,659,546. The stock has a market capitalization of $2.10 billion, a PE ratio of 165.77, a price-to-earnings-growth ratio of 2.80 and a beta of 0.82. 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 has a one year low of $17.02 and a one year high of $22.47. The business’s 50-day moving average is $20.66 and its 200 day moving average is $19.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NTST. Robert W. Baird upped their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Jefferies Financial Group started coverage on shares of NETSTREIT in a research note on Monday, June 1st. They issued a “buy” rating and a $23.00 price objective on the stock. Weiss Ratings upgraded shares of NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Truist Financial boosted their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company upped their target price on NETSTREIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NETSTREIT presently has a consensus rating of “Moderate Buy” and an average target price of $22.52.

Insider Buying and Selling

In other NETSTREIT news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $20.85, for a total transaction of $149,953.20. Following the sale, the director owned 18,344 shares of the company’s stock, valued at approximately $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Manheimer purchased 5,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $19.19 per share, with a total value of $95,950.00. Following the completion of the acquisition, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at approximately $7,968,839.40. This represents a 1.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P increased its holdings in NETSTREIT by 959.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,472 shares of the company’s stock worth $26,000 after purchasing an additional 1,333 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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. Kestra Advisory Services LLC acquired a new stake in shares of NETSTREIT during the fourth quarter valued at about $44,000. Inspire Investing LLC acquired a new stake in shares of NETSTREIT during the fourth quarter valued at about $45,000. Finally, FIL Ltd bought a new stake in shares of NETSTREIT during the fourth quarter worth about $104,000.

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.