Worth Venture Partners LLC decreased its position in NETSTREIT Corp. (NYSE:NTST - Get Rating) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,317 shares of the company's stock after selling 10,463 shares during the quarter. Worth Venture Partners LLC owned 0.05% of NETSTREIT worth $504,000 at the end of the most recent quarter.
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Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in NETSTREIT in the first quarter valued at approximately $64,000. FMR LLC grew its position in NETSTREIT by 62.4% in the second quarter. FMR LLC now owns 2,936 shares of the company's stock valued at $55,000 after acquiring an additional 1,128 shares in the last quarter. Van ECK Associates Corp acquired a new stake in NETSTREIT in the third quarter valued at approximately $63,000. Royal Bank of Canada grew its position in shares of NETSTREIT by 18.2% during the third quarter. Royal Bank of Canada now owns 4,260 shares of the company's stock worth $75,000 after buying an additional 655 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of NETSTREIT by 29.2% during the third quarter. Amalgamated Bank now owns 7,875 shares of the company's stock worth $140,000 after buying an additional 1,780 shares in the last quarter.
NTST stock traded up $0.04 during mid-day trading on Friday, reaching $20.00. The company had a trading volume of 290,195 shares, compared to its average volume of 398,174. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.10 billion, a P/E ratio of 126.07, a P/E/G ratio of 2.05 and a beta of 0.99. NETSTREIT Corp. has a one year low of $17.07 and a one year high of $23.72. The stock's 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $19.22.
A number of analysts have recently weighed in on the stock. Raymond James downgraded shares of NETSTREIT from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $23.00 to $21.00 in a research report on Monday, January 9th. Truist Financial decreased their price target on shares of NETSTREIT from $24.00 to $22.00 in a research report on Friday, November 11th. Finally, Bank of America downgraded shares of NETSTREIT from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $21.00 in a research report on Monday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NETSTREIT has a consensus rating of "Moderate Buy" and a consensus target price of $22.29.
NETSTREIT 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.
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