NETSTREIT's (NTST) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• NETSTREIT's (NTST) stock received a "hold (C-)" rating from Weiss Ratings, reaffirming the position amidst various analyst updates.
• Multiple analysts have set price objectives ranging from $19.00 to $21.00 on NETSTREIT, with the consensus rating being a Moderate Buy and an average price target of $20.03.
• CEO Mark Manheimer increased his stake in NETSTREIT by purchasing 5,600 shares at approximately $17.93 each, raising his total ownership to around 316,378 shares.

NETSTREIT (NYSE:NTST - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

NTST has been the topic of a number of other reports. Robert W. Baird upped their price objective on shares of NETSTREIT from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Cantor Fitzgerald started coverage on shares of NETSTREIT in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $21.00 price objective on the stock. UBS Group upped their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Truist Financial set a $19.00 target price on shares of NETSTREIT in a research report on Friday, July 25th. Finally, Bank of America upgraded shares of NETSTREIT from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $18.00 to $19.00 in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NETSTREIT has a consensus rating of "Moderate Buy" and an average price target of $20.03.

NETSTREIT Trading Up 0.5%

Shares of NYSE:NTST traded up $0.10 during trading on Wednesday, reaching $18.44. The stock had a trading volume of 15,624 shares, compared to its average volume of 1,055,911. The firm's fifty day moving average is $18.31 and its 200 day moving average is $17.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.83 and a current ratio of 3.83. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $19.18. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -230.45, a P/E/G ratio of 2.95 and a beta of 0.90.

Insiders Place Their Bets

In other news, CEO Mark Manheimer bought 5,600 shares of the stock in a transaction dated Friday, September 5th. The stock was bought at an average price of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the acquisition, the chief executive officer directly owned 316,378 shares in the company, valued at approximately $5,672,657.54. This trade represents a 1.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.58% of the company's stock.

Institutional Trading of NETSTREIT

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of NETSTREIT in the first quarter valued at about $8,676,000. Vanguard Group Inc. grew its position in NETSTREIT by 4.0% during the first quarter. Vanguard Group Inc. now owns 8,275,681 shares of the company's stock valued at $131,170,000 after buying an additional 315,888 shares during the period. Swiss National Bank grew its position in NETSTREIT by 3.9% during the first quarter. Swiss National Bank now owns 158,100 shares of the company's stock valued at $2,506,000 after buying an additional 5,900 shares during the period. New Age Alpha Advisors LLC grew its position in NETSTREIT by 173.5% during the first quarter. New Age Alpha Advisors LLC now owns 170,667 shares of the company's stock valued at $2,705,000 after buying an additional 108,274 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in NETSTREIT by 12.5% during the first quarter. Envestnet Asset Management Inc. now owns 173,642 shares of the company's stock valued at $2,752,000 after buying an additional 19,234 shares during the period.

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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