NETSTREIT (NYSE:NTST) Given New $20.00 Price Target at UBS Group

NETSTREIT (NYSE:NTST - Get Free Report) had its price target lifted by investment analysts at UBS Group from $18.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 14.22% from the stock's current price.

Several other research firms have also issued reports on NTST. Wells Fargo & Company assumed coverage on shares of NETSTREIT in a report on Monday, April 7th. They set an "overweight" rating and a $18.00 target price for the company. Mizuho boosted their price objective on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $18.28.

NETSTREIT Stock Up 0.5%

Shares of NTST stock traded up $0.09 during trading hours on Wednesday, hitting $17.51. 540,605 shares of the company's stock traded hands, compared to its average volume of 963,385. The stock's fifty day simple moving average is $16.39 and its two-hundred day simple moving average is $15.42. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $17.76. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -116.76, a PEG ratio of 5.16 and a beta of 0.89. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in NETSTREIT by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,133,552 shares of the company's stock worth $16,040,000 after purchasing an additional 55,378 shares during the period. Victory Capital Management Inc. raised its position in NETSTREIT by 22.4% in the 4th quarter. Victory Capital Management Inc. now owns 104,638 shares of the company's stock worth $1,481,000 after purchasing an additional 19,138 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of NETSTREIT during the fourth quarter worth approximately $179,000. Raymond James Financial Inc. purchased a new position in shares of NETSTREIT during the fourth quarter worth approximately $927,000. Finally, PNC Financial Services Group Inc. increased its position in shares of NETSTREIT by 861.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock worth $77,000 after acquiring an additional 4,865 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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