NETSTREIT (NYSE:NTST) Coverage Initiated at Capital One Financial

Investment analysts at Capital One Financial began coverage on shares of NETSTREIT (NYSE:NTST) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set an “overweight” rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus cut their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Scotiabank raised shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Truist Financial dropped their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Raymond James reduced their target price on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NETSTREIT presently has a consensus rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Stock Performance

NTST opened at $14.17 on Wednesday. The firm has a market capitalization of $1.16 billion, a PE ratio of -236.03 and a beta of 1.00. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. NETSTREIT has a twelve month low of $13.42 and a twelve month high of $18.97. The firm’s 50-day moving average price is $14.44 and its 200 day moving average price is $15.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in NETSTREIT by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 7,959,793 shares of the company’s stock worth $112,631,000 after acquiring an additional 234,695 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NETSTREIT by 46.4% during the fourth quarter. Principal Financial Group Inc. now owns 4,800,208 shares of the company’s stock worth $67,924,000 after purchasing an additional 1,521,668 shares in the last quarter. State Street Corp lifted its position in shares of NETSTREIT by 2.9% during the third quarter. State Street Corp now owns 3,104,081 shares of the company’s stock worth $51,310,000 after purchasing an additional 87,669 shares in the last quarter. Rush Island Management LP boosted its stake in shares of NETSTREIT by 18.0% in the third quarter. Rush Island Management LP now owns 2,364,964 shares of the company’s stock valued at $39,093,000 after purchasing an additional 359,993 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of NETSTREIT by 36.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company’s stock valued at $31,239,000 after purchasing an additional 592,439 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.