Van ECK Associates Corp Grows Stock Position in NETSTREIT Corp. (NYSE:NTST)

Van ECK Associates Corp boosted its stake in NETSTREIT Corp. (NYSE:NTST) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,729 shares of the company’s stock after acquiring an additional 1,366 shares during the quarter. Van ECK Associates Corp’s holdings in NETSTREIT were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Polaris Capital Management LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at approximately $1,777,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of NETSTREIT by 36.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company’s stock valued at $31,239,000 after purchasing an additional 592,439 shares in the last quarter. abrdn plc raised its position in shares of NETSTREIT by 30.6% in the 4th quarter. abrdn plc now owns 20,025 shares of the company’s stock valued at $279,000 after purchasing an additional 4,694 shares in the last quarter. Custom Index Systems LLC raised its position in shares of NETSTREIT by 30.1% in the 4th quarter. Custom Index Systems LLC now owns 13,363 shares of the company’s stock valued at $189,000 after purchasing an additional 3,090 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new position in shares of NETSTREIT in the 4th quarter valued at approximately $12,633,000.

Analyst Upgrades and Downgrades

NTST has been the topic of a number of recent analyst reports. Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Capital One Financial assumed coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Scotiabank raised NETSTREIT from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Finally, Raymond James dropped their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Price Performance

Shares of NTST opened at $14.30 on Monday. The company has a market cap of $1.17 billion, a P/E ratio of -238.29 and a beta of 1.00. The stock has a fifty day moving average price of $14.21 and a 200 day moving average price of $15.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97.

NETSTREIT 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.