NETSTREIT (NYSE:NTST) Price Target Raised to $21.00

NETSTREIT (NYSE:NTST) had its price target raised by Scotiabank from $20.00 to $21.00 in a research report sent to investors on Monday, Marketbeat.com reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other research firms also recently issued reports on NTST. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Mizuho dropped their target price on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Stifel Nicolaus lifted their target price on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Truist Financial upped their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price objective on shares of NETSTREIT in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Stock Up 1.4%

NETSTREIT stock opened at $19.10 on Monday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1,910,100.00, a price-to-earnings-growth ratio of 3.80 and a beta of 0.88. The firm’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $18.21. NETSTREIT has a 1-year low of $13.74 and a 1-year high of $19.64. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTST. Intech Investment Management LLC raised its stake in shares of NETSTREIT by 1.9% during the 3rd quarter. Intech Investment Management LLC now owns 32,517 shares of the company’s stock worth $587,000 after purchasing an additional 600 shares during the period. CWM LLC grew its position in NETSTREIT by 9.8% during the fourth quarter. CWM LLC now owns 6,841 shares of the company’s stock valued at $121,000 after buying an additional 608 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after buying an additional 650 shares during the last quarter. Amundi raised its position in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in NETSTREIT by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after acquiring an additional 945 shares during the period.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.