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

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 price objective boosted by Mizuho from $17.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective would suggest a potential upside of 9.68% from the company's previous close.

A number of other research analysts have also recently commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of NETSTREIT in a research note on Wednesday, August 27th. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price objective on shares of NETSTREIT in a report on Wednesday, July 30th. Robert W. Baird boosted their price objective on NETSTREIT from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Bank of America upgraded NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Wells Fargo & Company lifted their target price on NETSTREIT from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $19.92.

NETSTREIT Price Performance

Shares of NTST opened at $18.24 on Thursday. 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 firm has a market cap of $1.52 billion, a PE ratio of -230.25, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $19.18. The business's 50 day moving average price is $18.11 and its two-hundred day moving average price is $16.58.

Insiders Place Their Bets

In other NETSTREIT news, CEO Mark Manheimer purchased 5,600 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the acquisition, the chief executive officer owned 316,378 shares in the company, valued at $5,672,657.54. This represents a 1.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.58% of the company's stock.

Institutional Investors Weigh In On NETSTREIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTST. EverSource Wealth Advisors LLC grew its position in 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 during the period. Assetmark Inc. boosted its stake 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 acquiring an additional 1,200 shares in the last quarter. CWM LLC grew 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 valued at $36,000 after acquiring an additional 989 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of NETSTREIT during the 4th quarter valued at about $41,000. Finally, State of Wyoming acquired a new stake in shares of NETSTREIT during the 1st quarter valued at about $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.

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