Stifel Nicolaus Has Lowered Expectations for NETSTREIT (NYSE:NTST) Stock Price

NETSTREIT (NYSE:NTST - Get Free Report) had its price target dropped by investment analysts at Stifel Nicolaus from $19.50 to $19.25 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 21.15% from the stock's current price.

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

NETSTREIT Stock Up 5.3 %

Shares of NYSE:NTST traded up $0.80 during midday trading on Tuesday, hitting $15.89. 2,177,731 shares of the company's stock traded hands, compared to its average volume of 1,009,029. 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 $1.23 billion, a PE ratio of 223.71 and a beta of 0.97. The firm's fifty day moving average price is $16.30 and its two-hundred day moving average price is $16.63. NETSTREIT has a twelve month low of $14.92 and a twelve month high of $18.97.

Institutional Investors Weigh In On NETSTREIT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Silvercrest Asset Management Group LLC grew its holdings in NETSTREIT by 22.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,007,072 shares of the company's stock valued at $18,500,000 after buying an additional 183,058 shares in the last quarter. Vanguard Group Inc. lifted its stake in NETSTREIT by 8.3% during the first 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. increased its holdings in shares of 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 purchasing an additional 627,514 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of 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 purchasing an additional 32,688 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in NETSTREIT by 343.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 75,155 shares of the company's stock worth $1,331,000 after acquiring an additional 58,201 shares during the period.

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.