NETSTREIT (NYSE:NTST) Now Covered by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald upgraded NETSTREIT (NYSE: NTST) to a "strong-buy" rating, reflecting increased investor confidence in the company's stock.
• Wells Fargo raised its price target for NETSTREIT from $18.00 to $20.00, joining several other analysts who have improved their ratings and price targets for the stock recently.
• NETSTREIT has seen significant insider buying, with CEO Mark Manheimer purchasing 5,600 shares recently, highlighting confidence in the company's future performance.

Cantor Fitzgerald initiated coverage on shares of NETSTREIT (NYSE:NTST - Get Free Report) in a report released on Wednesday, MarketBeat.com reports. The firm set an "overweight" rating and a $21.00 price target on the stock. Cantor Fitzgerald's target price points to a potential upside of 14.76% from the company's current price.

NTST has been the topic of a number of other reports. Mizuho raised their price target on shares of NETSTREIT from $17.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Truist Financial set a $19.00 target price on shares of NETSTREIT in a research report on Friday, July 25th. Scotiabank reissued an "outperform" rating on shares of NETSTREIT in a report on Wednesday, August 27th. UBS Group upped their price target 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. Finally, Bank of America raised shares of NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $18.00 to $19.00 in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, NETSTREIT currently has a consensus rating of "Buy" and an average target price of $20.03.

NETSTREIT Price Performance

NTST stock opened at $18.30 on Wednesday. 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 cap of $1.53 billion, a P/E ratio of -228.74, a P/E/G ratio of 2.93 and a beta of 0.90. The company's 50-day moving average price is $18.31 and its two-hundred day moving average price is $16.91. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $19.18.

Insider Activity

In other news, CEO Mark Manheimer bought 5,600 shares of NETSTREIT stock in a transaction dated Friday, September 5th. The stock was bought at an average cost of $17.93 per share, for a total transaction of $100,408.00. Following the purchase, the chief executive officer directly owned 316,378 shares in the company, valued at approximately $5,672,657.54. This represents a 1.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On NETSTREIT

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in NETSTREIT by 1,123.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company's stock worth $30,000 after buying an additional 1,640 shares during the last quarter. Assetmark Inc. lifted its position in NETSTREIT by 126.3% in the 1st quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC lifted its holdings in shares of NETSTREIT by 78.2% in the first quarter. CWM LLC now owns 2,253 shares of the company's stock valued at $36,000 after purchasing an additional 989 shares in the last quarter. State of Wyoming purchased a new position in shares of NETSTREIT during the first quarter valued at approximately $58,000. Finally, GAMMA Investing LLC lifted its position 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 purchasing 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.