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

NETSTREIT (NYSE:NTST) had its price target lifted by stock analysts at Raymond James from $17.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 15.14% from the company’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company began coverage on NETSTREIT in a research report on Monday, April 7th. They set an “overweight” rating and a $18.00 target price on the stock. Capital One Financial began coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $18.16.

NETSTREIT Trading Up 1.0%

Shares of NYSE:NTST opened at $15.63 on Friday. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $17.53. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -260.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The business’s 50 day moving average price is $15.69 and its 200-day moving average price is $15.11.

Insider Buying and Selling at NETSTREIT

In other news, CEO Mark Manheimer acquired 6,384 shares of the firm’s 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 acquisition, the chief executive officer now owns 304,572 shares of the company’s stock, valued at approximately $4,669,088.76. This trade represents a 2.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 12,000 shares of company stock worth $183,172. Corporate insiders own 0.58% of the company’s stock.

Institutional Trading of NETSTREIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its stake in shares of NETSTREIT by 126.3% in the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after acquiring an additional 1,200 shares during the last quarter. CWM LLC increased its stake in shares of NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after acquiring an additional 989 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of NETSTREIT in the 4th quarter worth $41,000. State of Wyoming acquired a new stake in shares of NETSTREIT in the 1st quarter worth $58,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock worth $77,000 after acquiring an additional 4,865 shares during 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.