NETSTREIT (NYSE:NTST) Price Target Lowered to $19.25 at Stifel Nicolaus

NETSTREIT (NYSE:NTST) had its price target reduced by equities researchers at Stifel Nicolaus from $19.50 to $19.25 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 22.92% from the company’s current price.

Several other research firms have also weighed in on NTST. Wedbush began coverage on shares of NETSTREIT in a report on Monday, August 19th. They set a “neutral” rating and a $17.00 target price on the stock. Raymond James raised shares of NETSTREIT from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $20.00 to $19.00 in a research report on Wednesday, August 21st. UBS Group began coverage on shares of NETSTREIT in a research note on Monday, October 14th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Scotiabank decreased their target price on shares of NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.11.

NETSTREIT Trading Up 3.8 %

NTST traded up $0.57 on Tuesday, reaching $15.66. 703,456 shares of the company’s stock were exchanged, compared to its average volume of 1,002,140. NETSTREIT has a twelve month low of $14.92 and a twelve month high of $18.97. The company’s 50 day moving average is $16.30 and its 200-day moving average is $16.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.08 and a current ratio of 4.08. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 223.71 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Silvercrest Asset Management Group LLC raised its stake in NETSTREIT by 22.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,007,072 shares of the company’s stock worth $18,500,000 after acquiring an additional 183,058 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NETSTREIT by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 7,352,295 shares of the company’s stock worth $135,062,000 after purchasing an additional 566,513 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in NETSTREIT by 64.9% in the first quarter. Russell Investments Group Ltd. now owns 1,593,752 shares of the company’s stock valued at $29,277,000 after buying an additional 627,514 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in NETSTREIT by 32.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 134,914 shares of the company’s stock valued at $2,478,000 after buying an additional 32,688 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of NETSTREIT by 343.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 75,155 shares of the company’s stock valued at $1,331,000 after acquiring an additional 58,201 shares during the period.

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.