Shares of NETSTREIT Corp. (NYSE:NTST – Get Rating) have received a consensus rating of "Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $22.71.

NTST has been the subject of a number of research analyst reports. Truist Financial dropped their price target on shares of NETSTREIT from $24.00 to $22.00 in a research note on Friday, November 11th. Robert W. Baird initiated coverage on shares of NETSTREIT in a research note on Wednesday, September 21st. They issued an "outperform" rating and a $23.00 price target for the company. Bank of America lowered shares of NETSTREIT from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $22.00 to $21.00 in a research note on Monday, November 14th. BTIG Research dropped their price target on shares of NETSTREIT from $27.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, September 13th. Finally, Raymond James assumed coverage on shares of NETSTREIT in a report on Tuesday, September 13th. They issued a "strong-buy" rating and a $24.00 price objective for the company.

NETSTREIT Stock Up 0.2 %

Shares of NYSE:NTST opened at $19.43 on Monday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $19.51. The firm has a market cap of $1.07 billion, a PE ratio of 121.45, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. NETSTREIT has a 12-month low of $17.07 and a 12-month high of $23.86.

NETSTREIT Announces Dividend

Hedge Funds Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in NETSTREIT by 62.4% in the second quarter. FMR LLC now owns 2,936 shares of the company's stock worth $55,000 after purchasing an additional 1,128 shares during the period. Van ECK Associates Corp acquired a new stake in NETSTREIT in the third quarter worth about $63,000. Point72 Hong Kong Ltd acquired a new stake in NETSTREIT in the first quarter worth about $64,000. Royal Bank of Canada lifted its holdings in NETSTREIT by 18.2% in the third quarter. Royal Bank of Canada now owns 4,260 shares of the company's stock worth $75,000 after purchasing an additional 655 shares during the period. Finally, Sandia Investment Management LP acquired a new stake in NETSTREIT in the third quarter worth about $89,000.

About NETSTREIT

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NETSTREIT 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.

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