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

Key Points

• Weiss Ratings has reaffirmed a "hold (C-)" rating for NETSTREIT (NTST), as various analysts present mixed views on its stock, with a current average rating of "Moderate Buy".
• NETSTREIT shares opened at $19.27 with a market capitalization of $1.61 billion, showing significant growth potential based on target increases from analysts.
• CEO Mark Manheimer purchased 5,600 shares recently, demonstrating insider confidence as he raised his ownership stake to approximately 316,378 shares.

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

NTST has been the topic of several other research reports. Cantor Fitzgerald began coverage on NETSTREIT in a research note on Wednesday, October 1st. They set an "overweight" rating and a $21.00 price objective on the stock. Mizuho increased their target price on NETSTREIT from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Scotiabank reiterated an "outperform" rating on shares of NETSTREIT in a report on Wednesday, August 27th. Wells Fargo & Company increased their target price on NETSTREIT from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $21.00 target price on shares of NETSTREIT in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.20.

NETSTREIT Stock Performance

Shares of NETSTREIT stock opened at $19.27 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of -240.81, a PEG ratio of 3.12 and a beta of 0.90. NETSTREIT has a 12 month low of $13.42 and a 12 month high of $19.64. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.70. The stock's fifty day simple moving average is $18.40 and its 200 day simple moving average is $17.33.

Insider Transactions at NETSTREIT

In other news, CEO Mark Manheimer bought 5,600 shares of the firm's stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of $17.93 per share, with a total value of $100,408.00. Following the completion of the acquisition, the chief executive officer owned 316,378 shares of the company's stock, valued at approximately $5,672,657.54. This represents a 1.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in NETSTREIT by 1,123.3% in 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. raised its holdings in NETSTREIT by 126.3% in the first quarter. Assetmark Inc. now owns 2,150 shares of the company's stock worth $34,000 after buying an additional 1,200 shares during the last quarter. CWM LLC grew its stake in shares of NETSTREIT by 78.2% in the first quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after acquiring an additional 989 shares during the period. State of Wyoming bought a new stake in shares of NETSTREIT in the first quarter worth approximately $58,000. Finally, Bayesian Capital Management LP bought a new stake in shares of NETSTREIT in the second quarter worth approximately $185,000.

About NETSTREIT

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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