NETSTREIT Corp. (NYSE:NTST) Given Consensus Recommendation of “Buy” by Analysts

Shares of NETSTREIT Corp. (NYSE:NTST) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $17.75.

Several research analysts have recently weighed in on the stock. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $16.00 to $18.00 in a report on Monday, November 11th. Truist Financial decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Raymond James dropped their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus reduced their price objective on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Capital One Financial started coverage on NETSTREIT in a research report on Wednesday. They issued an “overweight” rating on the stock.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of 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 raised its holdings in 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 during the period. Prudent Man Advisors LLC purchased a new position in shares of NETSTREIT in the fourth quarter valued at about $143,000. Mariner LLC bought a new position in shares of NETSTREIT in the fourth quarter worth about $143,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of NETSTREIT during the fourth quarter worth about $152,000.

NETSTREIT Stock Down 2.8 %

Shares of NYSE:NTST opened at $13.84 on Friday. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $18.97. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -230.58 and a beta of 1.00. The stock has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $15.55. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

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.