Capital One Financial Comments on NETSTREIT FY2024 Earnings

NETSTREIT Corp. (NYSE:NTST) – Investment analysts at Capital One Financial issued their FY2024 earnings per share (EPS) estimates for NETSTREIT in a note issued to investors 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 currently 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.

NTST has been the topic of a number of other reports. Mizuho cut their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Truist Financial cut their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James cut their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Finally, Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Stock Performance

Shares of NTST stock opened at $13.88 on Monday. The business’s 50-day moving average price is $14.26 and its 200-day moving average price is $15.48. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $18.97. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -231.21 and a beta of 1.00. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently modified their holdings of NTST. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NETSTREIT by 1,931.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock valued at $26,700,000 after acquiring an additional 1,535,761 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock valued at $67,924,000 after acquiring an additional 1,521,668 shares in the last quarter. Tributary Capital Management LLC bought a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $12,633,000. Hudson Bay Capital Management LP increased its holdings in shares of NETSTREIT by 195.9% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,338,746 shares of the company’s stock valued at $18,943,000 after acquiring an additional 886,283 shares in the last quarter. Finally, DigitalBridge Group Inc. grew its holdings in NETSTREIT by 1,175.4% during the fourth quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company’s stock worth $13,499,000 after buying an additional 879,168 shares in 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.