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

NETSTREIT (NYSE:NTST) had its price target increased by research analysts at Scotiabank from $20.00 to $21.00 in a research report issued on Monday, MarketBeat.com reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 11.60% from the stock’s previous close.

Several other research firms also recently commented on NTST. Mizuho dropped their price objective on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Truist Financial upped their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Berenberg Bank assumed coverage on shares of NETSTREIT in a report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Robert W. Baird increased their target price on NETSTREIT from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NETSTREIT currently has a consensus rating of “Moderate Buy” and an average price target of $20.45.

NETSTREIT Stock Performance

Shares of NTST opened at $18.82 on Monday. NETSTREIT has a 1 year low of $13.74 and a 1 year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85. The stock’s fifty day moving average price is $17.84 and its two-hundred day moving average price is $18.21. The firm has a market cap of $1.57 billion, a PE ratio of -1,881,700.00, a PEG ratio of 3.75 and a beta of 0.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of NETSTREIT by 1,123.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in NETSTREIT by 36.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock worth $43,000 after buying an additional 650 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in NETSTREIT during the fourth quarter worth about $64,000. CWM LLC increased its stake in NETSTREIT by 108.0% in the 2nd quarter. CWM LLC now owns 4,687 shares of the company’s stock worth $79,000 after acquiring an additional 2,434 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of NETSTREIT by 39.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock valued at $132,000 after acquiring an additional 2,051 shares in the last quarter.

NETSTREIT Company Profile

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.