NETSTREIT (NTST) Stock Price, News & Analysis

Company Overview

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. Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.

Key Stats

• Today's Range: $13.94 to $14.19
• 50-Day Range: $13.84 to $16.74
• 52-Week Range: $13.80 to $18.97
• Volume: 387,426 shs
• Average Volume: 987,885 shs
• Market Capitalization: $1.15 billion
• P/E Ratio: N/A
• Dividend Yield: 5.95%
• Price Target: $19.03
• Consensus Rating: Moderate Buy

NETSTREIT Stock Analysis - MarketRank™

NETSTREIT scored higher than 62% of companies evaluated by MarketBeat, and ranked 518th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

NETSTREIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

NETSTREIT has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 3.36%

Earnings Growth

Earnings for NETSTREIT are expected to grow by 3.36% in the coming year, from $1.19 to $1.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NETSTREIT is -235.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NETSTREIT is -235.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

NETSTREIT has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.73% of the outstanding shares of NETSTREIT have been sold short.

Short Interest Ratio / Days to Cover

NETSTREIT has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in NETSTREIT has recently decreased by 3.26%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

NETSTREIT is a leading dividend payer. It pays a dividend yield of 5.93%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

NETSTREIT does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, NETSTREIT will have a dividend payout ratio of 68.29% next year. This indicates that NETSTREIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.73% of the outstanding shares of NETSTREIT have been sold short.

Short Interest Ratio / Days to Cover

NETSTREIT has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in NETSTREIT has recently decreased by 3.26%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.21

News Sentiment

NETSTREIT has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for NETSTREIT this week, compared to 3 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NETSTREIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.46% of the stock of NETSTREIT is held by insiders.

NTST Stock Analysis - Frequently Asked Questions

How have NTST shares performed this year?

NETSTREIT's stock was trading at $17.85 at the start of the year. Since then, NTST stock has decreased by 21.0% and is now trading at $14.11.
View the best growth stocks for 2024 here.

How were NETSTREIT's earnings last quarter?

NETSTREIT Corp. (NYSE:NTST) released its quarterly earnings results on Monday, November, 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.30 by $0.37. The company had revenue of $41.44 million for the quarter, compared to analysts' expectations of $41.10 million. NETSTREIT had a negative net margin of 2.96% and a negative trailing twelve-month return on equity of 0.35%.

When did NETSTREIT IPO?

NETSTREIT (NTST) raised $310 million in an initial public offering (IPO) on Thursday, August 13th 2020. The company issued 15,500,000 shares at $19.00-$21.00 per share. Wells Fargo Securities, BofA Securities, Citigroup, Stifel and Jefferies acted as the underwriters for the IPO and BMO Capital Markets, BTIG, Capital One Securities, KeyBanc Capital Markets, Regions Securities, Truist Securities, Comerica Securities, Ramirez and Scotiabank were co-managers.

Who are NETSTREIT's major shareholders?

NETSTREIT's top institutional shareholders include Principal Financial Group Inc. (4.24%), Principal Financial Group Inc. (4.02%), State Street Corp (3.80%) and Rush Island Management LP (2.90%). Insiders that own company stock include Todd Minnis, Daniel P Donlan and Robin Mcbride Zeigler.
View institutional ownership trends.

How do I buy shares of NETSTREIT?

Shares of NTST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NETSTREIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NETSTREIT investors own include American Water Works (AWK), Humana (HUM), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 11/04/2024
• Ex-Dividend for 12/13 Dividend: 12/02/2024
• Dividend Payable: 12/13/2024
• Today: 12/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: N/A
• Current Symbol: NYSE:NTST
• CUSIP: N/A
• CIK: 1798100
• Web: www.netstreit.com
• Phone: 972-200-7100
• Fax: N/A
• Employees: 28
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.03
• High Stock Price Target: $22.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +34.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 11.86
• P/E Growth: N/A
• Net Income: $6.84 million
• Net Margins: -2.96%
• Pretax Margin: -2.94%
• Return on Equity: -0.35%
• Return on Assets: -0.22%

Debt

• Debt-to-Equity Ratio: 0.57
• Current Ratio: 4.11
• Quick Ratio: 4.11

Sales & Book Value

• Annual Sales: $143.63 million
• Price / Sales: 8.01
• Cash Flow: $0.96 per share
• Price / Cash Flow: 14.67
• Book Value: $18.54 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 81,584,000
• Free Float: 81,209,000
• Market Cap: $1.15 billion
• Optionable: Optionable
• Beta: 0.97