BMO Capital Markets Issues Positive Forecast for NETSTREIT (NYSE:NTST) Stock Price

NETSTREIT (NYSE:NTST) had its price objective raised by BMO Capital Markets from $24.00 to $25.00 in a research note issued to investors on Monday, MarketBeat reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group set a $22.00 price objective on shares of NETSTREIT in a research report on Thursday, June 18th. Truist Financial upped their price target on shares of NETSTREIT from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Jefferies Financial Group initiated coverage on NETSTREIT in a report on Monday, June 1st. They set a “buy” rating and a $23.00 price target for the company. Stifel Nicolaus lifted their price objective on NETSTREIT from $21.00 to $22.25 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded NETSTREIT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.52.

NETSTREIT Stock Performance

NYSE:NTST opened at $21.80 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.84 and a current ratio of 2.84. NETSTREIT has a fifty-two week low of $17.02 and a fifty-two week high of $22.47. The company has a 50 day simple moving average of $20.63 and a two-hundred day simple moving average of $19.91. The company has a market capitalization of $2.12 billion, a PE ratio of 167.71, a P/E/G ratio of 2.87 and a beta of 0.82.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Monday, April 20th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). NETSTREIT had a return on equity of 0.78% and a net margin of 5.29%.The firm had revenue of $57.06 million during the quarter, compared to analyst estimates of $50.09 million. Research analysts anticipate that NETSTREIT will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robin Mcbride Zeigler sold 7,192 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $20.85, for a total transaction of $149,953.20. Following the completion of the sale, the director owned 18,344 shares in the company, valued at $382,472.40. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Manheimer bought 5,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of $19.19 per share, for a total transaction of $95,950.00. Following the completion of the transaction, the chief executive officer directly owned 415,260 shares of the company’s stock, valued at $7,968,839.40. This trade represents a 1.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTST. Royal Bank of Canada grew its holdings in shares of NETSTREIT by 343.1% during the first quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock valued at $582,000 after buying an additional 28,441 shares during the last quarter. Amundi raised its holdings in shares of NETSTREIT by 1.6% in the 1st quarter. Amundi now owns 45,361 shares of the company’s stock worth $709,000 after acquiring an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NETSTREIT by 10.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock valued at $773,000 after acquiring an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in NETSTREIT by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock valued at $7,915,000 after acquiring an additional 17,188 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $8,995,000 after purchasing an additional 42,121 shares during 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.