Raymond James Forecasts Strong Price Appreciation for NETSTREIT (NYSE:NTST) Stock

NETSTREIT (NYSE:NTST - Get Free Report) had its target price upped by stock analysts at Raymond James from $17.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "strong-buy" rating on the stock. Raymond James' price target would suggest a potential upside of 16.13% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Capital One Financial started coverage on shares of NETSTREIT in a research note on Wednesday, February 12th. They set an "overweight" rating for the company. Wells Fargo & Company started coverage on shares of NETSTREIT in a research report on Monday, April 7th. They set an "overweight" rating and a $18.00 price target for the company. Finally, Mizuho upped their price target on shares of NETSTREIT from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NETSTREIT presently has a consensus rating of "Buy" and a consensus target price of $18.16.

NETSTREIT Stock Performance

Shares of NYSE:NTST traded up $0.02 during trading on Friday, hitting $15.50. 72,041 shares of the company were exchanged, compared to its average volume of 936,151. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $17.75. The stock has a 50 day moving average of $15.68 and a 200 day moving average of $15.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. The company has a market cap of $1.27 billion, a PE ratio of -258.16 and a beta of 0.90.

Insider Activity at NETSTREIT

In related news, CEO Mark Manheimer purchased 3,616 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $15.22 per share, with a total value of $55,035.52. Following the completion of the purchase, the chief executive officer now directly owns 295,252 shares in the company, valued at approximately $4,493,735.44. This represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 12,000 shares of company stock worth $183,172 over the last quarter. 0.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company's stock valued at $34,000 after purchasing an additional 1,200 shares in the last quarter. CWM LLC grew its position in shares of NETSTREIT by 78.2% in the 1st quarter. CWM LLC now owns 2,253 shares of the company's stock worth $36,000 after buying an additional 989 shares during the period. Lazard Asset Management LLC bought a new position in shares of NETSTREIT in the 4th quarter worth about $41,000. State of Wyoming purchased a new position in NETSTREIT during the 1st quarter valued at about $58,000. Finally, PNC Financial Services Group Inc. lifted its position in NETSTREIT by 861.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company's stock valued at $77,000 after acquiring an additional 4,865 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.