NETSTREIT (NYSE:NTST) Price Target Raised to $17.00 at Mizuho

NETSTREIT (NYSE:NTST) had its price target boosted by Mizuho from $15.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 7.56% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James cut their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. Capital One Financial began coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Truist Financial reduced their price target on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $18.04.

NETSTREIT Trading Up 0.7 %

Shares of NTST traded up $0.12 during trading hours on Thursday, hitting $15.81. The company had a trading volume of 137,275 shares, compared to its average volume of 900,583. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $14.80 and its 200 day moving average price is $15.19. The firm has a market cap of $1.29 billion, a P/E ratio of -263.06 and a beta of 0.99. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $18.10.

Insider Buying and Selling

In related news, CEO Mark Manheimer bought 6,384 shares of the business’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $15.33 per share, with a total value of $97,866.72. Following the transaction, the chief executive officer now owns 304,572 shares in the company, valued at approximately $4,669,088.76. This trade represents a 2.14 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 12,000 shares of company stock worth $183,172 in the last three months. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of NETSTREIT by 3.3% during the 4th quarter. American Century Companies Inc. now owns 24,400 shares of the company’s stock worth $345,000 after acquiring an additional 781 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in NETSTREIT by 3.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 26,383 shares of the company’s stock valued at $373,000 after purchasing an additional 789 shares in the last quarter. Carmel Capital Partners LLC lifted its position in NETSTREIT by 4.7% during the fourth quarter. Carmel Capital Partners LLC now owns 26,180 shares of the company’s stock valued at $370,000 after purchasing an additional 1,174 shares in the last quarter. QSV Equity Investors LLC grew its holdings in NETSTREIT by 1.6% during the third quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,214 shares during the period. Finally, Corton Capital Inc. increased its position in NETSTREIT by 7.7% in the fourth quarter. Corton Capital Inc. now owns 18,313 shares of the company’s stock worth $259,000 after buying an additional 1,305 shares in the last quarter.

NETSTREIT Company Profile

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.