NETSTREIT (NYSE:NTST) Now Covered by Wedbush

Investment analysts at Wedbush assumed coverage on shares of NETSTREIT (NYSE:NTST) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $17.00 price target on the stock. Wedbush’s target price suggests a potential upside of 3.91% from the stock’s previous close.

Separately, Scotiabank reduced their price objective on NETSTREIT from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.75.

NETSTREIT Trading Up 0.2 %

NETSTREIT stock opened at $16.36 on Monday. The stock has a market cap of $1.20 billion, a P/E ratio of 181.78, a PEG ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.30 and a current ratio of 4.08. The firm’s fifty day moving average price is $16.44 and its 200-day moving average price is $17.01. NETSTREIT has a fifty-two week low of $13.49 and a fifty-two week high of $18.97.

NETSTREIT (NYSE:NTST) last announced its earnings results on Monday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33). NETSTREIT had a net margin of 3.32% and a return on equity of 0.39%. The company had revenue of $39.57 million for the quarter, compared to the consensus estimate of $39.31 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Equities research analysts forecast that NETSTREIT will post 1.18 earnings per share for the current fiscal year.

Institutional Trading of NETSTREIT

A number of institutional investors have recently modified their holdings of NTST. Lindbrook Capital LLC raised its position in NETSTREIT by 1,721.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,894 shares of the company’s stock valued at $34,000 after purchasing an additional 1,790 shares during the last quarter. Quarry LP bought a new position in NETSTREIT in the 2nd quarter worth $45,000. Parallel Advisors LLC boosted its stake in shares of NETSTREIT by 702.3% during the 4th quarter. Parallel Advisors LLC now owns 3,442 shares of the company’s stock valued at $61,000 after purchasing an additional 3,013 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of NETSTREIT during the second quarter valued at about $83,000. Finally, Signaturefd LLC raised its stake in NETSTREIT by 266.9% in the fourth quarter. Signaturefd LLC now owns 4,905 shares of the company’s stock worth $88,000 after buying an additional 3,568 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.