Robert W. Baird Forecasts Strong Price Appreciation for NETSTREIT (NYSE:NTST) Stock

NETSTREIT (NYSE:NTST) had its price objective upped by Robert W. Baird from $20.00 to $21.00 in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 11.82% from the company’s current price.

A number of other analysts have also weighed in on the stock. UBS Group upped their price objective on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price objective on shares of NETSTREIT in a research note on Wednesday, July 30th. Truist Financial set a $19.00 price objective on shares of NETSTREIT in a research note on Friday, July 25th. Mizuho upped their target price on NETSTREIT from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald began coverage on NETSTREIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.45.

NETSTREIT Trading Down 0.0%

NTST opened at $18.78 on Tuesday. The company has a quick ratio of 3.83, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average is $18.42 and its two-hundred day moving average is $17.42. The company has a market capitalization of $1.57 billion, a P/E ratio of -1,878,100.00, a PEG ratio of 3.36 and a beta of 0.90. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $19.64.

Insider Transactions at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer purchased 5,600 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was bought at an average cost of $17.93 per share, for a total transaction of $100,408.00. Following the completion of the purchase, the chief executive officer owned 316,378 shares in the company, valued at $5,672,657.54. This represents a 1.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NETSTREIT

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,640 shares in the last quarter. Assetmark Inc. lifted its stake in shares of NETSTREIT by 126.3% during the first quarter. Assetmark Inc. now owns 2,150 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares during the period. CWM LLC lifted its stake in shares of NETSTREIT by 78.2% during the first quarter. CWM LLC now owns 2,253 shares of the company’s stock worth $36,000 after buying an additional 989 shares during the period. State of Wyoming acquired a new position in shares of NETSTREIT in the 1st quarter valued at $58,000. Finally, Bayesian Capital Management LP acquired a new position in shares of NETSTREIT in the 2nd quarter valued at $185,000.

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.