NETSTREIT (NYSE:NTST) Given New $19.25 Price Target at Stifel Nicolaus

NETSTREIT (NYSE:NTST) had its price target reduced by stock analysts at Stifel Nicolaus from $19.50 to $19.25 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.92% from the company’s current price.

A number of other brokerages have also issued reports on NTST. Raymond James raised NETSTREIT from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $20.00 to $19.00 in a research note on Wednesday, August 21st. Scotiabank decreased their target price on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Wedbush started coverage on NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, UBS Group started coverage on shares of NETSTREIT in a report on Monday, October 14th. They issued a “buy” rating and a $19.00 price target for the company. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.11.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded up $0.57 on Tuesday, hitting $15.66. The company’s stock had a trading volume of 703,456 shares, compared to its average volume of 1,002,140. NETSTREIT has a 12 month low of $14.92 and a 12 month high of $18.97. The stock’s 50-day moving average is $16.30 and its two-hundred day moving average is $16.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 223.71 and a beta of 0.97.

Institutional Investors Weigh In On NETSTREIT

Hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in NETSTREIT in the second quarter worth approximately $45,000. Point72 DIFC Ltd acquired a new position in shares of NETSTREIT during the 2nd quarter worth $83,000. Custom Index Systems LLC bought a new position in shares of NETSTREIT during the 3rd quarter valued at $170,000. M&G PLC bought a new position in NETSTREIT during the third quarter valued at about $173,000. Finally, Van ECK Associates Corp raised its stake in shares of NETSTREIT by 13.7% in the 2nd quarter. Van ECK Associates Corp now owns 11,280 shares of the company’s stock valued at $182,000 after acquiring an additional 1,359 shares in the last quarter.

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.