Mizuho Boosts NETSTREIT (NYSE:NTST) Price Target to $20.00

Key Points

• Mizuho raised the price target for NETSTREIT from $17.00 to $20.00, indicating a potential upside of 9.68% from the last closing price.
• The company currently has a consensus rating of "Buy" with a target price of $19.92, following various upgrades from other analysts.
• Company CEO Mark Manheimer recently purchased 5,600 shares of NETSTREIT, increasing his ownership and demonstrating confidence in the company.

NETSTREIT (NYSE:NTST - Get Free Report) had its target price hoisted by Mizuho from $17.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 9.68% from the company's current price.

A number of other analysts have also commented on the stock. Truist Financial set a $19.00 price target on shares of NETSTREIT in a research note on Friday, July 25th. Bank of America upgraded shares of NETSTREIT from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $18.00 to $19.00 in a report on Monday, July 28th. UBS Group raised their target price on shares of NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wells Fargo & Company lifted their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $21.00 target price on shares of NETSTREIT in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $19.92.

NETSTREIT Trading Down 0.2%

Shares of NYSE:NTST traded down $0.05 on Thursday, hitting $18.24. The company had a trading volume of 349,150 shares, compared to its average volume of 1,021,873. The firm's 50-day simple moving average is $18.18 and its two-hundred day simple moving average is $16.68. NETSTREIT has a 1 year low of $13.42 and a 1 year high of $19.18. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -227.94, a P/E/G ratio of 4.19 and a beta of 0.89.

Insider Activity

In other NETSTREIT news, CEO Mark Manheimer bought 5,600 shares of the stock in a transaction dated Friday, September 5th. The shares were acquired at an average cost of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the transaction, the chief executive officer owned 316,378 shares in the company, valued at approximately $5,672,657.54. The trade was a 1.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company's stock.

Hedge Funds Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of NETSTREIT by 1,123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter. Assetmark Inc. boosted its position in shares of NETSTREIT by 126.3% during the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after purchasing an additional 1,200 shares in the last quarter. CWM LLC boosted its position in shares of NETSTREIT by 78.2% during the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after purchasing an additional 989 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of NETSTREIT during the 4th quarter worth $41,000. Finally, State of Wyoming acquired a new position in shares of NETSTREIT during the 1st quarter worth $58,000.

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.