Capital One Financial Begins Coverage on NETSTREIT (NYSE:NTST)

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

NTST has been the subject of several other reports. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $16.00 to $18.00 in a report on Monday, November 11th. Stifel Nicolaus cut their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their price objective on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Raymond James dropped 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 report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Price Performance

NETSTREIT stock opened at $14.17 on Wednesday. The stock has a market cap of $1.16 billion, a P/E ratio of -236.03 and a beta of 1.00. The company has a fifty day simple moving average of $14.44 and a 200-day simple moving average of $15.57. 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 12-month low of $13.42 and a 12-month high of $18.97.

Institutional Trading of NETSTREIT

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of NETSTREIT in the fourth quarter valued at about $3,041,000. JPMorgan Chase & Co. grew its position in NETSTREIT by 37.5% during the fourth quarter. JPMorgan Chase & Co. now owns 782,976 shares of the company’s stock worth $11,079,000 after buying an additional 213,449 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in NETSTREIT by 12.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 57,596 shares of the company’s stock valued at $806,000 after buying an additional 6,324 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of NETSTREIT during the 4th quarter valued at approximately $207,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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.

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.