NETSTREIT (NYSE:NTST) Now Covered by Capital One Financial

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

Several other equities analysts have also commented on NTST. Raymond James dropped their target price on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Truist Financial dropped their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Scotiabank upgraded NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. Stifel Nicolaus dropped their price target on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho dropped their price target on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NETSTREIT currently has an average rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Stock Performance

NETSTREIT stock opened at $13.84 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -230.58 and a beta of 1.00. The stock has a fifty day moving average price of $14.33 and a 200 day moving average price of $15.53. NETSTREIT has a 52 week low of $13.42 and a 52 week high of $18.97. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57.

Institutional Trading of NETSTREIT

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in NETSTREIT by 861.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,430 shares of the company’s stock valued at $77,000 after acquiring an additional 4,865 shares during the period. Comerica Bank boosted its stake in shares of NETSTREIT by 174.3% during the 4th quarter. Comerica Bank now owns 9,703 shares of the company’s stock worth $137,000 after acquiring an additional 6,166 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of NETSTREIT during the 3rd quarter worth $166,000. Mariner LLC bought a new stake in shares of NETSTREIT during the 4th quarter worth $143,000. Finally, Prudent Man Advisors LLC purchased a new position in shares of NETSTREIT during the fourth quarter valued at $143,000.

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.