NETSTREIT (NYSE:NTST) Given New $21.00 Price Target at Cantor Fitzgerald

NETSTREIT (NYSE:NTST) had its price target decreased by research analysts at Cantor Fitzgerald from $25.00 to $21.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 22.90% from the stock’s previous close.

A number of other research firms also recently commented on NTST. BTIG Research increased their price objective on shares of NETSTREIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, June 26th. Stifel Nicolaus lowered their target price on NETSTREIT from $23.50 to $21.25 and set a “buy” rating on the stock in a report on Thursday. Scotiabank lowered their target price on NETSTREIT from $22.00 to $20.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 24th. Wells Fargo & Company dropped their price target on NETSTREIT from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Robert W. Baird increased their price target on NETSTREIT from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.94.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $17.09 on Friday. The firm has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $20.04. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 113.91, a price-to-earnings-growth ratio of 2.14 and a beta of 0.80. The company has a quick ratio of 3.54, a current ratio of 3.55 and a debt-to-equity ratio of 0.88. NETSTREIT has a 52 week low of $16.18 and a 52 week high of $22.47.

NETSTREIT (NYSE:NTST) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $66.26 million during the quarter, compared to analysts’ expectations of $60.55 million. NETSTREIT had a return on equity of 1.44% and a net margin of 9.18%. On average, equities analysts predict that NETSTREIT will post 1.30 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NETSTREIT

A number of hedge funds have recently modified their holdings of NTST. Inspire Investing LLC increased its position in NETSTREIT by 115,850.0% during the third quarter. Inspire Investing LLC now owns 2,319 shares of the company’s stock worth $41,000 after purchasing an additional 2,317 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in NETSTREIT by 43.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,261 shares of the company’s stock worth $517,000 after purchasing an additional 8,827 shares during the period. GAMMA Investing LLC raised its stake in NETSTREIT by 62.0% during the third quarter. GAMMA Investing LLC now owns 1,967 shares of the company’s stock worth $35,000 after purchasing an additional 753 shares during the period. Versant Capital Management Inc raised its stake in NETSTREIT by 1,163.1% during the third quarter. Versant Capital Management Inc now owns 1,642 shares of the company’s stock worth $29,000 after purchasing an additional 1,512 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in NETSTREIT in the 2nd quarter valued at about $1,682,000.

NETSTREIT Company Profile

NETSTREIT Corp. is a real estate investment trust focused on owning and managing outpatient healthcare properties in the United States. The company invests primarily in facilities that provide essential medical services, including physician offices, ambulatory care centers and other outpatient healthcare locations.

NETSTREIT generally leases its properties to healthcare providers under long-term, triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property taxes, insurance and maintenance expenses.