UBS Group Issues Positive Forecast for NETSTREIT (NYSE:NTST) Stock Price

Key Points

• UBS Group raised its price target for NETSTREIT (NYSE:NTST) stock from $20.00 to $21.00, indicating a potential upside of 11.73% from its current price.
• Several other analysts have also provided positive ratings, with Raymond James setting a price target of $21.00 and Bank of America upgrading its rating to neutral with a new target of $19.00.
• NETSTREIT is a real estate investment trust (REIT) focused on acquiring single-tenant net lease retail properties, and its shares have experienced significant activity from institutional investors, reflecting growing interest in the stock.

NETSTREIT (NYSE:NTST - Get Free Report) had its price objective boosted by stock analysts at UBS Group from $20.00 to $21.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 11.73% from the company's current price.

A number of other brokerages have also recently weighed in on NTST. Raymond James Financial reiterated a "strong-buy" rating and set a $21.00 price target on shares of NETSTREIT in a research report on Wednesday, July 30th. Truist Financial set a $19.00 price objective on shares of NETSTREIT in a report on Friday, July 25th. Bank of America raised shares of NETSTREIT from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $18.00 to $19.00 in a report on Monday, July 28th. Finally, Robert W. Baird boosted 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $18.93.

NETSTREIT Price Performance

Shares of NYSE NTST traded up $0.03 during mid-day trading on Friday, reaching $18.80. The company's stock had a trading volume of 188,268 shares, compared to its average volume of 1,022,055. The stock has a 50-day moving average of $17.46 and a two-hundred day moving average of $16.05. The stock has a market capitalization of $1.57 billion, a P/E ratio of -234.60, a P/E/G ratio of 4.34 and a beta of 0.89. 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 1-year low of $13.42 and a 1-year high of $19.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NTST. Principal Financial Group Inc. boosted its position in shares of NETSTREIT by 61.3% in the 1st quarter. Principal Financial Group Inc. now owns 7,741,808 shares of the company's stock valued at $122,708,000 after purchasing an additional 2,941,600 shares during the period. Nuveen LLC acquired a new stake in NETSTREIT during the 1st quarter worth about $18,181,000. MetLife Investment Management LLC raised its stake in shares of NETSTREIT by 1,992.5% during the 1st quarter. MetLife Investment Management LLC now owns 1,023,171 shares of the company's stock worth $16,217,000 after purchasing an additional 974,275 shares in the last quarter. Hudson Bay Capital Management LP raised its stake in shares of NETSTREIT by 195.9% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,338,746 shares of the company's stock worth $18,943,000 after purchasing an additional 886,283 shares in the last quarter. Finally, DigitalBridge Group Inc. raised its stake in shares of NETSTREIT by 1,175.4% during the 4th quarter. DigitalBridge Group Inc. now owns 953,968 shares of the company's stock worth $13,499,000 after purchasing an additional 879,168 shares in the last quarter.

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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