NETSTREIT Corp. (NYSE:NTST) Position Trimmed by Cambiar Investors LLC

Cambiar Investors LLC lowered its stake in NETSTREIT Corp. (NYSE:NTST) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,290 shares of the company’s stock after selling 10,550 shares during the period. Cambiar Investors LLC owned approximately 0.15% of NETSTREIT worth $1,745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hohimer Wealth Management LLC purchased a new position in shares of NETSTREIT in the third quarter worth approximately $166,000. Sanctuary Advisors LLC purchased a new position in NETSTREIT during the 3rd quarter worth approximately $169,000. Custom Index Systems LLC acquired a new stake in NETSTREIT during the 3rd quarter valued at $170,000. M&G PLC purchased a new stake in shares of NETSTREIT in the third quarter valued at $173,000. Finally, Infrastructure Capital Advisors LLC acquired a new stake in shares of NETSTREIT in the third quarter worth $177,000.

Analyst Upgrades and Downgrades

NTST has been the topic of several recent analyst reports. 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. Mizuho reduced their price target on shares of NETSTREIT from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their price target on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James dropped their price objective on shares of NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.75.

NETSTREIT Price Performance

NYSE NTST opened at $14.30 on Wednesday. The company has a 50 day moving average price of $14.47 and a two-hundred day moving average price of $15.59. NETSTREIT Corp. has a 12-month low of $13.42 and a 12-month high of $18.97. The stock has a market capitalization of $1.17 billion, a PE ratio of -238.28 and a beta of 1.00. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57.

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.