NETSTREIT (NYSE:NTST) Given New $20.00 Price Target at Robert W. Baird

NETSTREIT (NYSE:NTST - Get Free Report) had its price target boosted by stock analysts at Robert W. Baird from $18.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 8.40% from the stock's current price.

Several other brokerages also recently issued reports on NTST. Raymond James Financial reissued a "strong-buy" rating on shares of NETSTREIT in a report on Friday, May 23rd. UBS Group boosted their price target on shares of NETSTREIT from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. 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 price target for the company. Finally, Mizuho upped 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. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $18.53.

NETSTREIT Stock Performance

NETSTREIT stock traded up $0.06 during mid-day trading on Thursday, reaching $18.45. The company's stock had a trading volume of 2,263,177 shares, compared to its average volume of 1,003,021. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -230.63 and a beta of 0.89. The business has a 50 day moving average price of $16.72 and a 200-day moving average price of $15.66. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT has a twelve month low of $13.42 and a twelve month high of $18.77.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after buying an additional 1,200 shares during the period. CWM LLC grew its stake in NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after acquiring an additional 989 shares in the last quarter. Lazard Asset Management LLC purchased a new position in NETSTREIT during the 4th quarter valued at about $41,000. State of Wyoming purchased a new position in NETSTREIT during the 1st quarter valued at about $58,000. Finally, GAMMA Investing LLC grew its stake in shares of NETSTREIT by 2,779.7% in the 1st quarter. GAMMA Investing LLC now owns 7,228 shares of the company's stock valued at $115,000 after buying an additional 6,977 shares in the last quarter.

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.