BTIG Rates NETSTREIT (NTST) buy, $24 Price Target

On June 26, 2026, BTIG reiterated its buy rating on NETSTREIT Corp. (NYSE:NTST) and maintained a price target of $24. Analyst Michael Gorman continues to hold a positive view on the stock, which traded near $20.76 on Friday.

Other Institutional Activity in NETSTREIT Corp.

Cohen & Steers, Inc. significantly boosted its stake in NETSTREIT, adding 10,483,318 shares for a 242.8% increase, ending with 14,800,212 shares valued at about $278.7 million. BlackRock, Inc. also increased its holdings by 465,731 shares, reaching a total of 9,780,046 shares worth approximately $184.2 million. Principal Financial Group Inc added 309,453 shares, bringing its total to 9,535,801 shares valued at around $179.6 million. Nuveen, LLC increased its position by 2,045,238 shares, a 66% rise, ending with 5,143,472 shares valued at $96.9 million. Millennium Management LLC added 790,029 shares, a 21% increase, for a total of 4,553,778 shares worth about $85.7 million.

NETSTREIT Corp. Stock Up 17.7%

Shares of NYSE:NTST traded near $20.76 on Friday. The company has a market capitalization of approximately $2.03 billion and a P/E ratio of 173.0, indicating high valuation relative to earnings. Its forward P/E is 50.6, suggesting expectations of earnings growth. The stock's beta of 0.834 suggests lower volatility compared to the market. Over the past year, the stock has ranged from a low of $16.45 to a high of $21.3, with a 50-day moving average of $20.31 and a 200-day moving average of $19.11. NETSTREIT's financial health is marked by a current ratio of 0.444 and a quick ratio of 0.205, with a debt-to-equity ratio of 82.485.

Recent Earnings

In its recent earnings report, NETSTREIT Corp. reported revenue of $206.2 million, reflecting a growth rate of 24.3%. The company's net margin was 5.29%, with a return on equity of 0.78%. Earnings per share came in at $0.12. The next earnings report is expected on April 20, 2026.

Dividend

NETSTREIT Corp. offers a dividend rate of $0.88, yielding 4.24% for investors. The payout ratio stands at a modest 7.17%, indicating a conservative payout policy.

Insider Buying and Selling at NETSTREIT Corp.

On June 18, 2026, President, CEO, and Secretary Mark Manheimer bought 5,000 shares at an average price of $19.19. Earlier, on April 23, 2026, Robin McBride Zeigler sold 7,192 shares at $20.85. CFO and Treasurer Daniel Donlan had multiple transactions on April 10, 2026, selling 11,681 shares and buying an equal number.

Analysts Set New Price Targets

BTIG maintained its buy rating on NETSTREIT Corp. with a $24 price target on June 26, 2026. Wells Fargo and Jefferies also maintained buy ratings with $23 targets on June 1, 2026. Scotiabank and Truist Securities held their buy ratings with $23 and $22 targets respectively on May 12, 2026. The consensus among analysts is a strong buy, with a target mean price of $22.62 from 19 analysts.

About NETSTREIT Corp.

NETSTREIT Corp. is a real estate investment trust (REIT) based in Dallas, Texas. It focuses on acquiring single-tenant net lease retail properties across the U.S., aiming to build a portfolio with tenants that are resistant to e-commerce pressures. The company, led by CEO Mark Manheimer, was founded in 2019 and employs 29 people.

Bottom Line

Investors are keeping a close eye on NETSTREIT Corp. as BTIG reiterates its buy rating with a $24 target, reflecting confidence in the company's strategy and market position. While 13F filings are backward-looking, they provide valuable insight into institutional sentiment and investment trends.