NetSTREIT Corp. (NYSE:NTST) traded at $17.97 at last check on Friday, Nov 20, making an upward move of 3.28% on its previous day’s price.
Looking at the stock we see that its previous close was $17.4 and the beta (5Y monthly) reads 0 with the day’s price range being $17.24 – 17.97. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, NTST has a high of $19.82 and a low of $16.77. The company’s stock has gained about 0.67% over that past 30 days.
Based on estimates by 9 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the NetSTREIT Corp. (NTST) stock as a Hold, while 8 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NTST stock currently stands at 0, and the current price level is -0.22% off its SMA20 and -0.95% from its 50-day simple moving average. The RSI (14) is pointing at 50.4 while the volatility over the past week is 4.91% and drops to 4.28% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.78. The average price target for the stock over the next 12 months is $21.28, with the estimates having a low of $18.5 and a high of $23. These price ends are 2.95% and +27.99% off the current price level respectively, although investors could be excited at the prospect of a +16.86% if the NTST share price touches on the median price of $21.
Let’s briefly compare NetSTREIT (NTST) stock to its peers. We find that today’s price change of +3.28% and 0% over the past 12 months for NTST competes that of American Tower Corp (AMT), which has seen its stock price fall -2.42% in the latest trading session and is +8.95% over the last one year. Another of its peers Prologis Inc (PLD) has climbed 0.28% today, and is +10.37% up over the past year, while Crown Castle International Corp (CCI) is also up 3.28% yet its price remains in the red at 0% over the same period. American has a P/E ratio of 54.95 compared to NetSTREIT’s 0 and Prologis 44.06. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to NetSTREIT Corp. (NYSE:NTST), we note that the average 3-month trading volume was 235.46 Million, while that of the preceding 10-day period stands at 227.35 Million. Current shares outstanding are 27.98 Million.
According to data from Thomson Reuters, insiders hold 0.11% of the company’s shares while institutions hold 78.41%. The data shows that short shares as of October 29, 2020, stood at 243.58 Million at a short ratio of 1.57. This represents a 0.87% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 482.57 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +1.24% up in year-to-date price movement.