NETSTREIT (NYSE:NTST) Stock Price Expected to Rise, Truist Financial Analyst Says

NETSTREIT (NYSE:NTST) had its price objective lifted by Truist Financial from $20.00 to $21.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 9.75% from the company’s current price.

A number of other analysts have also commented on the company. UBS Group raised their price target on NETSTREIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Cantor Fitzgerald raised their target price on NETSTREIT from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Raymond James Financial downgraded NETSTREIT from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $21.00 to $22.00 in a report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday, December 29th. Finally, Scotiabank upped their price objective on shares of NETSTREIT from $21.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, March 2nd. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.58.

NETSTREIT Trading Up 1.0%

Shares of NTST stock traded up $0.20 on Monday, hitting $19.14. 316,258 shares of the company’s stock traded hands, compared to its average volume of 1,534,907. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 212.17, a P/E/G ratio of 2.94 and a beta of 0.86. The company’s fifty day simple moving average is $19.52 and its 200 day simple moving average is $18.61. NETSTREIT has a one year low of $14.00 and a one year high of $21.30.

NETSTREIT (NYSE:NTST) last released its earnings results on Tuesday, February 10th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). NETSTREIT had a net margin of 3.54% and a return on equity of 0.51%. The company had revenue of $52.50 million during the quarter, compared to the consensus estimate of $50.98 million. Equities analysts forecast that NETSTREIT will post 1.19 EPS for the current year.

Institutional Trading of NETSTREIT

A number of hedge funds have recently bought and sold shares of NTST. Alyeska Investment Group L.P. lifted its stake in shares of NETSTREIT by 171.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,027,188 shares of the company’s stock worth $71,040,000 after purchasing an additional 2,544,458 shares during the period. Millennium Management LLC increased its position in NETSTREIT by 88.8% in the third quarter. Millennium Management LLC now owns 3,790,130 shares of the company’s stock worth $68,450,000 after buying an additional 1,782,158 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of NETSTREIT during the 3rd quarter valued at about $20,498,000. Hudson Bay Capital Management LP increased its holdings in NETSTREIT by 35.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 3,794,639 shares of the company’s stock worth $68,531,000 after acquiring an additional 986,842 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position in shares of NETSTREIT by 37.9% in the third quarter. Centersquare Investment Management LLC now owns 3,533,415 shares of the company’s stock worth $63,813,000 after purchasing an additional 970,260 shares during the period.

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.