NETSTREIT (NYSE:NTST) Stock Price Expected to Rise, Mizuho Analyst Says

NETSTREIT (NYSE:NTST) had its price objective boosted by equities researchers at Mizuho from $15.00 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 11.02% from the company’s previous close.

NTST has been the topic of a number of other reports. Raymond James lowered 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. Capital One Financial began coverage on shares of NETSTREIT in a report on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Truist Financial reduced their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.04.

NETSTREIT Price Performance

Shares of NYSE:NTST opened at $15.31 on Thursday. The company has a market cap of $1.25 billion, a P/E ratio of -255.16 and a beta of 0.91. The company’s fifty day moving average is $14.84 and its two-hundred day moving average is $15.18. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $18.10.

Insiders Place Their Bets

In related news, CEO Mark Manheimer purchased 6,384 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the acquisition, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 12,000 shares of company stock valued at $183,172 over the last three months. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NTST. California State Teachers Retirement System boosted its stake in NETSTREIT by 3.8% during the 4th quarter. California State Teachers Retirement System now owns 72,370 shares of the company’s stock valued at $1,024,000 after purchasing an additional 2,626 shares during the period. DigitalBridge Group Inc. lifted its holdings in shares of NETSTREIT by 1,175.4% during the fourth quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company’s stock worth $13,499,000 after buying an additional 879,168 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of NETSTREIT by 4.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 115,503 shares of the company’s stock valued at $1,634,000 after acquiring an additional 5,070 shares during the period. Two Sigma Advisers LP grew its stake in shares of NETSTREIT by 27.6% in the fourth quarter. Two Sigma Advisers LP now owns 543,500 shares of the company’s stock worth $7,691,000 after acquiring an additional 117,700 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in NETSTREIT during the fourth quarter worth $354,000.

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.