NETSTREIT (NYSE:NTST) Reaches New 1-Year High – Still a Buy?

NETSTREIT Corp. (NYSE:NTST)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.64 and last traded at $19.4950, with a volume of 392834 shares changing hands. The stock had previously closed at $19.12.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTST. Robert W. Baird boosted their price objective on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus increased their price target on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Scotiabank reaffirmed an “outperform” rating on shares of NETSTREIT in a report on Monday. Mizuho decreased their price target on NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, December 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 price objective on shares of NETSTREIT in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.45.

NETSTREIT Stock Performance

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 company has a market cap of $1.63 billion, a P/E ratio of -1,956,000.00, a P/E/G ratio of 3.80 and a beta of 0.88. The firm has a 50 day moving average price of $17.85 and a 200-day moving average price of $18.21.

Institutional Trading of NETSTREIT

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after buying an additional 1,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NETSTREIT by 36.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,440 shares of the company’s stock valued at $43,000 after acquiring an additional 650 shares during the period. Fulcrum Asset Management LLP acquired a new stake in NETSTREIT during the 4th quarter worth approximately $64,000. CWM LLC lifted its position in NETSTREIT by 108.0% in the 2nd quarter. CWM LLC now owns 4,687 shares of the company’s stock valued at $79,000 after acquiring an additional 2,434 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of NETSTREIT by 39.1% in the third quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock valued at $132,000 after purchasing an additional 2,051 shares in 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.