NETSTREIT (NYSE:NTST) Price Target Raised to $20.00

NETSTREIT (NYSE:NTST - Get Free Report) had its price target increased by equities research analysts at Robert W. Baird from $18.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 10.16% from the company's previous close.

Several other research firms have also recently weighed in on NTST. UBS Group boosted their target price on NETSTREIT from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Raymond James Financial restated a "strong-buy" rating on shares of NETSTREIT in a research note on Friday, May 23rd. Wells Fargo & Company assumed coverage on NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price objective on the stock. Finally, Mizuho increased their target price on NETSTREIT from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $18.47.

NETSTREIT Stock Up 1.5%

Shares of NYSE NTST traded up $0.28 during midday trading on Thursday, hitting $18.16. 698,651 shares of the stock traded hands, compared to its average volume of 952,290. The company has a market cap of $1.48 billion, a PE ratio of -121.09, a P/E/G ratio of 5.22 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.95 and a current ratio of 3.95. NETSTREIT has a one year low of $13.42 and a one year high of $18.37. The business has a 50 day moving average price of $16.62 and a two-hundred day moving average price of $15.57.

Institutional Investors Weigh In On NETSTREIT

Several large investors have recently made changes to their positions in NTST. Assetmark Inc. increased its stake in NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after acquiring an additional 1,200 shares during the last quarter. CWM LLC grew its stake in shares of 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 last quarter. Lazard Asset Management LLC bought a new position in shares of NETSTREIT during the fourth quarter valued at approximately $41,000. State of Wyoming bought a new position in shares of NETSTREIT during the first quarter valued at approximately $58,000. Finally, GAMMA Investing LLC grew its stake in shares of NETSTREIT by 2,779.7% during the first 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 during 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.

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