Asset Management One Co. Ltd. Acquires 5,728 Shares of NETSTREIT Corp. (NYSE:NTST)

Asset Management One Co. Ltd. lifted its holdings in shares of NETSTREIT Corp. (NYSE:NTST) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,808 shares of the company’s stock after acquiring an additional 5,728 shares during the period. Asset Management One Co. Ltd.’s holdings in NETSTREIT were worth $1,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in NETSTREIT by 3.7% during the third quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock worth $431,000 after purchasing an additional 941 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of NETSTREIT by 5.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company’s stock valued at $297,000 after buying an additional 1,001 shares in the last quarter. QSV Equity Investors LLC lifted its stake in shares of NETSTREIT by 1.6% during the 3rd quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock valued at $1,282,000 after buying an additional 1,214 shares in the last quarter. Van ECK Associates Corp increased its holdings in NETSTREIT by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,729 shares of the company’s stock worth $208,000 after acquiring an additional 1,366 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in NETSTREIT by 4.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock worth $609,000 after acquiring an additional 1,490 shares during the period.

NETSTREIT Stock Performance

Shares of NTST stock opened at $14.06 on Thursday. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1.15 billion, a PE ratio of -234.21 and a beta of 1.00. The company has a 50 day moving average price of $14.24 and a 200-day moving average price of $15.47. NETSTREIT Corp. has a 52 week low of $13.42 and a 52 week high of $18.97.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Raymond James decreased their price target on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus dropped their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Capital One Financial initiated coverage on shares of NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating for the company. Mizuho dropped their target price on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $17.75.

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.