Nisa Investment Advisors LLC increased its holdings in NETSTREIT Corp. (NYSE:NTST - Get Rating) by 69.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,874 shares of the company's stock after acquiring an additional 8,146 shares during the period. Nisa Investment Advisors LLC's holdings in NETSTREIT were worth $354,000 at the end of the most recent quarter.
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Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake 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 purchasing an additional 1,128 shares during the last quarter. Van ECK Associates Corp purchased a new position in NETSTREIT in the third quarter valued at approximately $63,000. Point72 Hong Kong Ltd purchased a new position in NETSTREIT in the first quarter valued at approximately $64,000. Quantbot Technologies LP purchased a new position in NETSTREIT in the second quarter valued at approximately $190,000. Finally, Arizona State Retirement System lifted its stake in NETSTREIT by 11.9% in the second quarter. Arizona State Retirement System now owns 11,990 shares of the company's stock valued at $226,000 after purchasing an additional 1,279 shares during the last quarter.
Several equities analysts recently commented on the company. Raymond James downgraded NETSTREIT from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Monday, January 9th. TheStreet downgraded NETSTREIT from a "c-" rating to a "d+" rating in a research note on Thursday, October 20th. Bank of America downgraded NETSTREIT from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $21.00 in a research report on Monday, November 14th. Finally, Truist Financial dropped their target price on NETSTREIT from $24.00 to $22.00 in a research report on Friday, November 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.29.
NETSTREIT stock opened at $20.07 on Wednesday. The stock has a market cap of $1.10 billion, a P/E ratio of 125.45, a PEG ratio of 2.14 and a beta of 0.99. NETSTREIT Corp. has a fifty-two week low of $17.07 and a fifty-two week high of $23.72. The firm's fifty day moving average price is $19.33 and its 200-day moving average price is $19.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 2.15.
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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