NETSTREIT Corp. (NYSE:NTST) Receives Consensus Recommendation of “Buy” from Analysts

NETSTREIT Corp. (NYSE:NTST) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.75.

A number of research analysts have issued reports on the stock. Raymond James reduced their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. Truist Financial lowered their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $16.00 to $18.00 in a research note on Monday, November 11th. Capital One Financial began coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. Finally, 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.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently bought and sold shares of NTST. Lazard Asset Management LLC bought a new stake in NETSTREIT in the fourth quarter worth $41,000. PNC Financial Services Group Inc. raised its holdings in NETSTREIT by 861.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after purchasing an additional 4,865 shares in the last quarter. Comerica Bank increased its holdings in shares of NETSTREIT by 174.3% during the fourth quarter. Comerica Bank now owns 9,703 shares of the company’s stock valued at $137,000 after acquiring an additional 6,166 shares in the last quarter. Prudent Man Advisors LLC purchased a new stake in NETSTREIT in the fourth quarter valued at approximately $143,000. Finally, Mariner LLC purchased a new stake in NETSTREIT in the 4th quarter worth approximately $143,000.

NETSTREIT Stock Up 1.1 %

Shares of NETSTREIT stock opened at $14.06 on Friday. 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’s fifty day simple moving average is $14.24 and its two-hundred day simple moving average is $15.47. The company has a market cap of $1.15 billion, a P/E ratio of -234.21 and a beta of 1.00. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $18.97.

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.