NTST
NETSTREIT CorpNTST
NTST
About: Netstreit Corp is structured as an umbrella partnership real estate investment trust. The company acquires, owns, and manages single-tenant, retail commercial real estate subject to long-term net leases with high-credit quality tenants across the United States. It focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenience stores, discount stores, and quick-service restaurants.
Employees: 28
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
105% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 44
58% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 26
9% more funds holding
Funds holding: 173 [Q2] → 188 (+15) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
2% less capital invested
Capital invested by funds: $1.55B [Q2] → $1.52B (-$26.6M) [Q3]
12.08% less ownership
Funds ownership: 131.27% [Q2] → 119.19% (-12.08%) [Q3]
82% less call options, than puts
Call options by funds: $73K | Put options by funds: $397K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
15%
upside
Avg. target
$18.81
20%
upside
High target
$19.25
22%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Truist Securities Ki Bin Kim 68% 1-year accuracy 25 / 37 met price target | 21%upside $19 | Buy Maintained | 5 Dec 2024 |
Scotiabank Nicholas Yulico 57% 1-year accuracy 20 / 35 met price target | 15%upside $18 | Sector Outperform Upgraded | 11 Nov 2024 |
Stifel Simon Yarmak 61% 1-year accuracy 11 / 18 met price target | 22%upside $19.25 | Buy Maintained | 5 Nov 2024 |
UBS Michael Goldsmith 67% 1-year accuracy 4 / 6 met price target | 21%upside $19 | Buy Initiated | 14 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds
NETSTREIT's Q3 earnings showed growth in revenue and portfolio, but the REIT continues to underperform compared to top sector peers. Portfolio quality issues, particularly high exposure to dollar stores and drug stores, pose significant risks to NTST's credit quality and diversification goals. Despite strengths like no near-term debt maturities and high-rated tenants, NTST's concentrated portfolio makes it an unattractive acquisition target and limits valuation expansion.
Neutral
Seeking Alpha
4 weeks ago
NETSTREIT Corp. (NTST) Q3 2024 Earnings Call Transcript
NETSTREIT Corp. (NYSE:NTST ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Amy An - Investor Relations Mark Manheimer - Chief Executive Officer Dan Donlan - Chief Financial Officer Conference Call Participants Wes Golladay - Baird Ravi Vaidya - Mizuho Nicholas Joseph - Citi Ki Bin Kim - Truist Securities Kathryn Graves - UBS Upal Rana - KeyBanc Capital Markets Greg McGinniss - Scotiabank Farrell Granath - Bank of America Operator Greetings, and welcome to NETSTREIT Corp Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Positive
Zacks Investment Research
1 month ago
NETSTREIT (NTST) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for NETSTREIT (NTST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
NETSTREIT (NTST) Meets Q3 FFO Estimates
NETSTREIT (NTST) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.31 per share a year ago.
Neutral
Business Wire
1 month ago
NETSTREIT Reports Third Quarter 2024 Financial and Operating Results
DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced financial and operating results for the third quarter ended September 30, 2024. “We are pleased to announce our highest quarterly investment activity in the Company's history with $151.6 million in gross investments at a blended cash yield of 7.5%. Our 100% occupied portfolio remains in excellent condition to support our growing earnings base and attractive dividend yield. Looking forward, we remain focused on.
Neutral
Seeking Alpha
1 month ago
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.
Positive
Benzinga
1 month ago
This PG&E Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Positive
Benzinga
1 month ago
Top 3 Real Estate Stocks That May Explode This Quarter
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Neutral
Business Wire
1 month ago
NETSTREIT Corp. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its third quarter 2024 financial results on November 4, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, November 5, 2024 at 11:00 AM ET. A live webcast will be accessible on the “Investor Relations” section of the Company's website at www.NETSTREIT.com. To lis.
Positive
Seeking Alpha
2 months ago
Animal Spirits Awaken
U.S. equity markets gained for a third-straight week while short-term interest rates declined to two-year lows as "Goldilocks" economic data provided a backdrop of support for dovish Fed policy. Following combined gains of 5% over the prior two weeks, the S&P 500 gained another 0.6% this week, notching another series of all-time highs. Real estate equities - the most "Fed sensitive" market segment - underperformed for a second week following a significant two-month rally heading into the Fed's rate cut announcement.
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