NETSTREIT Corp. (NYSE:NTST) Given Consensus Recommendation of “Hold” by Brokerages

NETSTREIT Corp. (NYSE:NTSTGet Free Report) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.22.

NTST has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of NETSTREIT from $20.00 to $17.75 and set a “buy” rating on the stock in a research note on Thursday, October 26th. BNP Paribas downgraded shares of NETSTREIT from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Wednesday, December 13th. KeyCorp raised shares of NETSTREIT from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 1st. BTIG Research lowered their target price on shares of NETSTREIT from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. Finally, Mizuho raised shares of NETSTREIT from a “neutral” rating to a “buy” rating and raised their target price for the company from $15.00 to $18.00 in a research note on Monday, December 11th.

Get Our Latest Stock Analysis on NTST

NETSTREIT Price Performance

NTST stock opened at $17.34 on Tuesday. The firm has a 50 day moving average of $17.85 and a 200-day moving average of $16.68. The firm has a market capitalization of $1.19 billion, a P/E ratio of 133.36, a price-to-earnings-growth ratio of 4.39 and a beta of 1.00. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.46. NETSTREIT has a 12 month low of $13.49 and a 12 month high of $20.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in NETSTREIT by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 32,512 shares of the company’s stock valued at $579,000 after acquiring an additional 608 shares in the last quarter. First Affirmative Financial Network boosted its holdings in NETSTREIT by 5.7% in the fourth quarter. First Affirmative Financial Network now owns 11,540 shares of the company’s stock valued at $206,000 after acquiring an additional 618 shares in the last quarter. Royal Bank of Canada boosted its holdings in NETSTREIT by 18.2% in the third quarter. Royal Bank of Canada now owns 4,260 shares of the company’s stock valued at $75,000 after acquiring an additional 655 shares in the last quarter. Amalgamated Bank boosted its holdings in NETSTREIT by 11.9% in the third quarter. Amalgamated Bank now owns 6,342 shares of the company’s stock valued at $99,000 after acquiring an additional 674 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in NETSTREIT by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,063 shares of the company’s stock valued at $90,000 after acquiring an additional 749 shares in the last quarter.

About NETSTREIT

(Get Free Report

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.

See Also

Analyst Recommendations for NETSTREIT (NYSE:NTST)

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