NETSTREIT Corp. (NYSE:NTST) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• NETSTREIT Corp. (NYSE:NTST) has received a consensus rating of "Moderate Buy" from thirteen research firms, with ten analysts recommending a buy and one a strong buy.
• The average 1-year price target among brokerages for NETSTREIT shares is $20.20, reflecting optimism about the company's performance.
• In a significant insider transaction, CEO Mark Manheimer acquired 5,600 shares at an average price of $17.93 each, increasing his holdings to 316,378 shares valued over $5.6 million.

Shares of NETSTREIT Corp. (NYSE:NTST - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.2045.

Several research analysts have commented on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $21.00 price objective on shares of NETSTREIT in a report on Wednesday, July 30th. Berenberg Bank assumed coverage on shares of NETSTREIT in a report on Monday, October 13th. They set a "buy" rating and a $22.00 price objective for the company. UBS Group increased their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, August 15th. Scotiabank reissued an "outperform" rating on shares of NETSTREIT in a report on Wednesday, August 27th. Finally, Robert W. Baird increased their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, July 24th.

NETSTREIT Trading Up 0.9%

Shares of NETSTREIT stock opened at $19.30 on Thursday. The company has a market capitalization of $1.61 billion, a P/E ratio of -241.19, a P/E/G ratio of 3.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. The company has a fifty day moving average of $18.38 and a 200 day moving average of $17.25. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $19.62.

Insiders Place Their Bets

In other news, CEO Mark Manheimer acquired 5,600 shares of NETSTREIT stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average cost of $17.93 per share, with a total value of $100,408.00. Following the transaction, the chief executive officer directly owned 316,378 shares of the company's stock, valued at $5,672,657.54. This trade represents a 1.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On NETSTREIT

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock valued at $30,000 after buying an additional 1,640 shares during the period. Assetmark Inc. increased its holdings in NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after buying an additional 1,200 shares during the period. CWM LLC increased its holdings in NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after buying an additional 989 shares during the period. State of Wyoming purchased a new position in NETSTREIT during the first quarter valued at approximately $58,000. Finally, Hohimer Wealth Management LLC increased its holdings in NETSTREIT by 6.2% during the first quarter. Hohimer Wealth Management LLC now owns 11,538 shares of the company's stock valued at $183,000 after buying an additional 677 shares during the period.

NETSTREIT Company Profile

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.

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