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

Capital One Financial initiated coverage on shares of NETSTREIT (NYSE:NTST) in a research report released on Wednesday morning, MarketBeat reports. The firm issued an overweight rating on the stock.

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

NETSTREIT Stock Performance

Shares of NTST opened at $13.88 on Wednesday. NETSTREIT has a 52-week low of $13.42 and a 52-week high of $18.97. The firm has a market capitalization of $1.13 billion, a PE ratio of -231.29 and a beta of 1.00. The firm has a 50-day moving average price of $14.40 and a 200 day moving average price of $15.56. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

Hedge Funds Weigh In On NETSTREIT

A number of institutional investors have recently bought and sold shares of NTST. Nordea Investment Management AB acquired a new stake in shares of NETSTREIT during the fourth quarter valued at approximately $6,714,000. JPMorgan Chase & Co. lifted its stake in NETSTREIT by 173.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 569,527 shares of the company’s stock worth $9,414,000 after acquiring an additional 361,577 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in NETSTREIT by 1,931.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,264 shares of the company’s stock worth $26,700,000 after acquiring an additional 1,535,761 shares during the period. Vestcor Inc acquired a new stake in NETSTREIT during the 3rd quarter worth about $913,000. Finally, Geode Capital Management LLC grew its stake in NETSTREIT by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,980,800 shares of the company’s stock valued at $32,748,000 after acquiring an additional 112,047 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.