Capital One Financial Predicts NETSTREIT FY2024 Earnings

NETSTREIT Corp. (NYSE:NTST) – Analysts at Capital One Financial issued their FY2024 earnings estimates for NETSTREIT in a report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo expects that the company will earn $1.18 per share for the year. Capital One Financial 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.

A number of other analysts have also recently commented on NTST. Mizuho reduced their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Raymond James reduced their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Stifel Nicolaus reduced their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial reduced their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Finally, Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Stock Down 2.8 %

Shares of NTST stock opened at $13.84 on Monday. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $18.97. The stock has a market cap of $1.13 billion, a P/E ratio of -230.58 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. The company has a 50 day simple moving average of $14.33 and a two-hundred day simple moving average of $15.51.

Hedge Funds Weigh In On NETSTREIT

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in NETSTREIT by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company’s stock valued at $112,631,000 after acquiring an additional 234,695 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in NETSTREIT by 5.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company’s stock valued at $96,703,000 after acquiring an additional 354,973 shares in the last quarter. Cohen & Steers Inc. grew its stake in NETSTREIT by 3.0% during the fourth quarter. Cohen & Steers Inc. now owns 6,663,409 shares of the company’s stock valued at $94,287,000 after acquiring an additional 191,846 shares in the last quarter. Principal Financial Group Inc. lifted its position in 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 purchasing an additional 1,521,668 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its position in NETSTREIT by 30.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,449,229 shares of the company’s stock valued at $48,807,000 after purchasing an additional 811,632 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.