Asset Management One Co. Ltd. Has $1.63 Million Stake in NETSTREIT Corp. (NYSE:NTST)

Asset Management One Co. Ltd. raised its position in NETSTREIT Corp. (NYSE:NTST) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 116,808 shares of the company’s stock after buying an additional 5,728 shares during the period. Asset Management One Co. Ltd. owned about 0.14% of NETSTREIT worth $1,629,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC raised its stake in NETSTREIT by 3.7% during the 3rd quarter. Natixis Advisors LLC now owns 26,051 shares of the company’s stock worth $431,000 after buying an additional 941 shares during the period. IFM Investors Pty Ltd raised its stake in shares of NETSTREIT by 5.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 17,939 shares of the company’s stock valued at $297,000 after purchasing an additional 1,001 shares during the period. QSV Equity Investors LLC raised its stake in shares of NETSTREIT by 1.6% in the 3rd quarter. QSV Equity Investors LLC now owns 77,533 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,214 shares during the period. Van ECK Associates Corp increased its position in shares of NETSTREIT by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 14,729 shares of the company’s stock valued at $208,000 after acquiring an additional 1,366 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of NETSTREIT by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 36,869 shares of the company’s stock valued at $609,000 after acquiring an additional 1,490 shares during the last quarter.

NETSTREIT Price Performance

NTST stock opened at $14.06 on Thursday. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. 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 cap of $1.15 billion, a price-to-earnings ratio of -234.21 and a beta of 1.00. The company’s fifty day simple moving average is $14.24 and its 200 day simple moving average is $15.47.

Wall Street Analyst Weigh In

NTST has been the subject of a number of research analyst reports. Truist Financial reduced their price target on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Raymond James lowered their price objective on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Mizuho cut their target price on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $16.00 to $18.00 in a research report on Monday, November 11th. Finally, Stifel Nicolaus cut their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.75.

About NETSTREIT

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.