NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of “Moderate Buy” from Brokerages

NETSTREIT Corp. (NYSE:NTST) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.3636.

A number of research analysts recently issued reports on NTST shares. Robert W. Baird lifted their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Truist Financial lifted their target price on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 17th. Berenberg Bank started coverage on NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price objective on shares of NETSTREIT in a research report on Monday, January 5th. Finally, Stifel Nicolaus lifted their price objective on NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock valued at $582,000 after buying an additional 28,441 shares during the last quarter. Amundi raised its stake in shares of NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after buying an additional 704 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NETSTREIT by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after acquiring an additional 4,501 shares during the period. Goldman Sachs Group Inc. raised its stake in NETSTREIT by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after acquiring an additional 17,188 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NETSTREIT by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after purchasing an additional 42,121 shares during the period.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $18.81 on Friday. NETSTREIT has a 1 year low of $13.74 and a 1 year high of $19.64. The stock has a market capitalization of $1.57 billion, a P/E ratio of -1,881,000.00, a P/E/G ratio of 3.77 and a beta of 0.90. The company’s 50-day moving average is $17.81 and its 200 day moving average is $18.18. 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.