Brokerages Set NETSTREIT Corp. (NYSE:NTST) Price Target at $20.36

Shares of NETSTREIT Corp. (NYSE:NTST) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.4545.

A number of brokerages have recently weighed in on NTST. Truist Financial boosted their price target on NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Mizuho dropped their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 17th. Robert W. Baird raised their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Berenberg Bank initiated coverage on shares of NETSTREIT in a report on Monday, October 13th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NETSTREIT in a research report on Monday, December 29th.

Institutional Investors Weigh In On NETSTREIT

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its holdings in NETSTREIT by 88.8% in the 3rd quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of NETSTREIT in the 3rd quarter valued at $20,498,000. Hudson Bay Capital Management LP boosted its holdings in shares of NETSTREIT by 35.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock valued at $68,531,000 after acquiring an additional 986,842 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of NETSTREIT by 37.9% in the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after acquiring an additional 970,260 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of NETSTREIT by 11.9% during the third quarter. Principal Financial Group Inc. now owns 8,958,073 shares of the company’s stock worth $161,783,000 after purchasing an additional 955,951 shares during the last quarter.

NETSTREIT Stock Down 1.1%

Shares of NTST stock opened at $19.34 on Friday. The stock’s fifty day moving average price is $17.90 and its 200 day moving average price is $18.23. NETSTREIT has a 1-year low of $13.74 and a 1-year high of $19.65. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -1,934,000.00, a price-to-earnings-growth ratio of 3.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

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.