Truist Financial Forecasts Strong Price Appreciation for NETSTREIT (NYSE:NTST) Stock

NETSTREIT (NYSE:NTST) had its price target upped by Truist Financial from $19.00 to $20.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 8.96% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Scotiabank reiterated an “outperform” rating on shares of NETSTREIT in a research note on Wednesday, August 27th. Mizuho lifted their price objective on NETSTREIT from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. Stifel Nicolaus raised their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Bank of America upgraded shares of NETSTREIT from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.55.

NETSTREIT Price Performance

Shares of NTST stock opened at $18.36 on Monday. The firm has a fifty day simple moving average of $18.47 and a 200-day simple moving average of $17.66. The company has a market capitalization of $1.53 billion, a PE ratio of -1,835,500.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.90. NETSTREIT has a twelve month low of $13.42 and a twelve month high of $19.64. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84.

NETSTREIT (NYSE:NTST) last released its quarterly earnings results on Monday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.32). The firm had revenue of $48.31 million for the quarter, compared to analysts’ expectations of $47.78 million. NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. Equities research analysts anticipate that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NETSTREIT news, CEO Mark Manheimer acquired 5,600 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the purchase, the chief executive officer directly owned 316,378 shares in the company, valued at $5,672,657.54. The trade was a 1.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NETSTREIT

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of NETSTREIT by 1,123.3% in the 2nd 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 last quarter. Assetmark Inc. grew its stake in NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares during the last quarter. CWM LLC increased its position in NETSTREIT by 78.2% in the first quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after buying an additional 989 shares during the period. State of Wyoming acquired a new stake in NETSTREIT in the first quarter worth $58,000. Finally, Quadrant Capital Group LLC bought a new stake in NETSTREIT in the third quarter valued at $159,000.

About NETSTREIT

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.