NETSTREIT (NYSE:NTST) Receives New Coverage from Analysts at UBS Group

Equities researchers at UBS Group assumed coverage on shares of NETSTREIT (NYSE:NTST - Get Free Report) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $19.00 price target on the stock. UBS Group's target price points to a potential upside of 18.68% from the stock's previous close.

A number of other equities analysts have also issued reports on the stock. Scotiabank dropped their target price on shares of NETSTREIT from $18.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Wedbush began coverage on shares of NETSTREIT in a research report on Monday, August 19th. They set a "neutral" rating and a $17.00 target price on the stock. Finally, Raymond James raised shares of NETSTREIT from an "outperform" rating to a "strong-buy" rating and dropped their target price for the stock from $20.00 to $19.00 in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.98.

NETSTREIT Stock Performance

Shares of NTST stock traded up $0.31 during trading hours on Monday, reaching $16.01. 874,977 shares of the company's stock were exchanged, compared to its average volume of 1,004,648. NETSTREIT has a fifty-two week low of $13.49 and a fifty-two week high of $18.97. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.17 billion, a P/E ratio of 177.89 and a beta of 0.96. The business has a fifty day moving average price of $16.33 and a 200-day moving average price of $16.78.

NETSTREIT (NYSE:NTST - Get Free Report) last announced its earnings results on Monday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.33). NETSTREIT had a return on equity of 0.39% and a net margin of 3.32%. The company had revenue of $39.57 million for the quarter, compared to the consensus estimate of $39.31 million. During the same period last year, the firm posted $0.30 EPS. Analysts predict that NETSTREIT will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On NETSTREIT

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of NETSTREIT during the second quarter worth approximately $45,000. Point72 DIFC Ltd bought a new stake in shares of NETSTREIT during the second quarter worth approximately $83,000. Van ECK Associates Corp raised its stake in shares of NETSTREIT by 13.7% during the second quarter. Van ECK Associates Corp now owns 11,280 shares of the company's stock worth $182,000 after buying an additional 1,359 shares during the last quarter. Quest Partners LLC bought a new stake in shares of NETSTREIT during the second quarter worth approximately $202,000. Finally, ProShare Advisors LLC raised its stake in shares of NETSTREIT by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,434 shares of the company's stock worth $228,000 after buying an additional 977 shares during 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.