Zurcher Kantonalbank Zurich Cantonalbank grew its position in NETSTREIT Corp. (NYSE:NTST - Get Rating) by 154.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,606 shares of the company's stock after purchasing an additional 10,690 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NETSTREIT were worth $314,000 at the end of the most recent reporting period.
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Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in NETSTREIT during the first quarter worth about $64,000. FMR LLC increased its holdings in NETSTREIT by 62.4% during the second quarter. FMR LLC now owns 2,936 shares of the company's stock worth $55,000 after buying an additional 1,128 shares during the last quarter. Van ECK Associates Corp purchased a new stake in NETSTREIT during the third quarter worth about $63,000. Quantbot Technologies LP purchased a new stake in NETSTREIT during the second quarter worth about $190,000. Finally, Arizona State Retirement System increased its holdings in NETSTREIT by 11.9% during the second quarter. Arizona State Retirement System now owns 11,990 shares of the company's stock worth $226,000 after buying an additional 1,279 shares during the last quarter.
NTST stock opened at $19.65 on Monday. The firm has a 50 day moving average of $19.37 and a 200-day moving average of $19.23. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. NETSTREIT Corp. has a 12 month low of $17.07 and a 12 month high of $23.72. The firm has a market capitalization of $1.08 billion, a P/E ratio of 122.82, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99.
Several equities analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of NETSTREIT from $24.00 to $22.00 in a research note on Friday, November 11th. Raymond James downgraded shares of NETSTREIT from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $23.00 to $21.00 in a research note on Monday, January 9th. Finally, Bank of America downgraded shares of NETSTREIT from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $22.00 to $21.00 in a research note on Monday, November 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NETSTREIT presently has an average rating of "Moderate Buy" and a consensus price target 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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