NETSTREIT (NYSE:NTST) Reaches New 12-Month High – Should You Buy?

NETSTREIT Corp. (NYSE:NTST)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $19.64 and last traded at $19.4950, with a volume of 392834 shares trading hands. The stock had previously closed at $19.12.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NTST shares. Berenberg Bank initiated coverage on shares of NETSTREIT in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price target on shares of NETSTREIT in a research report on Monday, January 5th. Truist Financial increased their price objective on shares of NETSTREIT from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Scotiabank reissued an “outperform” rating on shares of NETSTREIT in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.45.

NETSTREIT Stock Performance

The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.62 billion, a PE ratio of -1,934,000.00, a P/E/G ratio of 3.95 and a beta of 0.88. The business’s 50-day moving average price is $17.90 and its 200-day moving average price is $18.23.

Hedge Funds Weigh In On NETSTREIT

A number of large investors have recently made changes to their positions in NTST. Royal Bank of Canada boosted its position in shares of NETSTREIT by 343.1% in the 1st quarter. Royal Bank of Canada now owns 36,730 shares of the company’s stock worth $582,000 after purchasing an additional 28,441 shares in the last quarter. Amundi raised its stake in NETSTREIT by 1.6% in the first quarter. Amundi now owns 45,361 shares of the company’s stock valued at $709,000 after buying an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NETSTREIT by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,757 shares of the company’s stock worth $773,000 after acquiring an additional 4,501 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NETSTREIT by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 499,346 shares of the company’s stock worth $7,915,000 after acquiring an additional 17,188 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NETSTREIT by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 567,532 shares of the company’s stock worth $8,995,000 after acquiring an additional 42,121 shares during the last quarter.

NETSTREIT Company Profile

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.