NETSTREIT (NYSE:NTST) Given New $21.00 Price Target at Scotiabank

NETSTREIT (NYSE:NTST) had its target price lifted by Scotiabank from $20.00 to $21.00 in a research report released on Monday morning, MarketBeat reports. They currently have a sector outperform rating on the stock.

NTST has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Berenberg Bank began coverage on shares of NETSTREIT in a report on Monday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of NETSTREIT in a report on Monday, January 5th. Truist Financial raised 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.45.

NETSTREIT Trading Down 1.2%

NETSTREIT stock opened at $18.62 on Monday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -1,861,500.00, a P/E/G ratio of 3.81 and a beta of 0.90. NETSTREIT has a 12-month low of $13.74 and a 12-month high of $19.64. The firm has a 50 day moving average of $17.82 and a 200 day moving average of $18.20. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of NETSTREIT by 343.1% in the 1st quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after acquiring an additional 28,441 shares in the last quarter. Amundi lifted its holdings in shares of NETSTREIT by 1.6% during the 1st quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after purchasing an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NETSTREIT by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after purchasing an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. grew 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 buying an additional 17,188 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NETSTREIT by 8.0% during the 1st 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 buying an additional 42,121 shares during the last quarter.

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.