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

NETSTREIT Corp. (NYSE:NTST) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.3636.

A number of brokerages have issued reports on NTST. 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. Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of NETSTREIT in a research report on Monday, January 5th. Truist Financial raised their price objective on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Mizuho decreased their target price 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.

Hedge Funds Weigh In On NETSTREIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in NETSTREIT by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 32,517 shares of the company’s stock worth $587,000 after acquiring an additional 600 shares during the last quarter. CWM LLC grew its stake in shares of NETSTREIT by 9.8% in the fourth quarter. CWM LLC now owns 6,841 shares of the company’s stock worth $121,000 after purchasing an additional 608 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in NETSTREIT by 36.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after purchasing an additional 650 shares during the last quarter. Amundi lifted its holdings in NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after buying an additional 704 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of NETSTREIT by 3.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,791 shares of the company’s stock worth $487,000 after buying an additional 945 shares during the last quarter.

NETSTREIT Trading Up 0.8%

NYSE:NTST opened at $18.81 on Friday. NETSTREIT has a 52 week low of $13.74 and a 52 week high of $19.64. The firm has a 50-day moving average price of $17.81 and a two-hundred day moving average price of $18.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.85 and a current ratio of 3.85. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -1,881,000.00, a price-to-earnings-growth ratio of 3.77 and a beta of 0.90.

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.