UBS Group Increases NETSTREIT (NYSE:NTST) Price Target to $20.00

NETSTREIT (NYSE:NTST) had its price target boosted by equities researchers at UBS Group from $18.00 to $20.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 13.44% from the company’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company began coverage on NETSTREIT in a report on Monday, April 7th. They issued an “overweight” rating and a $18.00 target price on the stock. Raymond James Financial restated a “strong-buy” rating on shares of NETSTREIT in a research report on Friday, May 23rd. Finally, Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the stock 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 assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $18.28.

NETSTREIT Price Performance

NTST stock opened at $17.63 on Wednesday. The business has a 50 day moving average price of $16.45 and a 200 day moving average price of $15.46. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -117.53, a PEG ratio of 5.13 and a beta of 0.89. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $17.76. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.69.

Institutional Trading of NETSTREIT

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of NETSTREIT by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 116,403 shares of the company’s stock worth $1,971,000 after buying an additional 1,734 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of NETSTREIT in the 2nd quarter worth $347,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NETSTREIT by 48.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,434 shares of the company’s stock worth $346,000 after buying an additional 6,666 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after buying an additional 17,188 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of NETSTREIT in the 1st quarter worth $8,676,000.

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.