NETSTREIT (NYSE:NTST) Coverage Initiated by Analysts at Capital One Financial

Capital One Financial assumed coverage on shares of NETSTREIT (NYSE:NTST) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm issued an overweight rating on the stock.

Other analysts have also recently issued research reports about the company. Raymond James decreased their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a report on Friday, January 17th. Stifel Nicolaus decreased 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. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Mizuho reduced their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial lowered their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $17.75.

NETSTREIT Price Performance

NTST opened at $13.88 on Wednesday. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $18.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.11 and a current ratio of 4.11. The company’s 50 day simple moving average is $14.40 and its 200 day simple moving average is $15.56. The stock has a market capitalization of $1.13 billion, a PE ratio of -231.29 and a beta of 1.00.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently modified their holdings of NTST. AQR Capital Management LLC grew its stake in NETSTREIT by 11.8% in the second quarter. AQR Capital Management LLC now owns 25,075 shares of the company’s stock worth $404,000 after purchasing an additional 2,656 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in NETSTREIT by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,136 shares of the company’s stock worth $582,000 after buying an additional 2,755 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of NETSTREIT by 69.9% in the 3rd quarter. SG Americas Securities LLC now owns 33,320 shares of the company’s stock valued at $551,000 after acquiring an additional 13,710 shares during the last quarter. Vontobel Holding Ltd. bought a new position in NETSTREIT during the third quarter worth $242,000. Finally, IFM Investors Pty Ltd boosted its holdings in NETSTREIT by 5.9% in the third quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company’s stock worth $297,000 after purchasing an additional 1,001 shares during the period.

About NETSTREIT

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.