Cambiar Investors LLC Has $1.75 Million Stake in NETSTREIT Corp. (NYSE:NTST)

Cambiar Investors LLC reduced its stake in NETSTREIT Corp. (NYSE:NTST) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 123,290 shares of the company’s stock after selling 10,550 shares during the period. Cambiar Investors LLC’s holdings in NETSTREIT were worth $1,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of NETSTREIT by 36.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,703 shares of the company’s stock valued at $31,239,000 after purchasing an additional 592,439 shares during the last quarter. abrdn plc grew its holdings in NETSTREIT by 30.6% in the 4th quarter. abrdn plc now owns 20,025 shares of the company’s stock valued at $279,000 after buying an additional 4,694 shares during the last quarter. Custom Index Systems LLC increased its position in NETSTREIT by 30.1% in the 4th quarter. Custom Index Systems LLC now owns 13,363 shares of the company’s stock worth $189,000 after buying an additional 3,090 shares during the period. Tributary Capital Management LLC acquired a new position in shares of NETSTREIT during the fourth quarter worth approximately $12,633,000. Finally, Presima Securities ULC bought a new stake in shares of NETSTREIT in the fourth quarter valued at approximately $5,085,000.

Analyst Upgrades and Downgrades

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

NETSTREIT Stock Down 0.1 %

Shares of 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. 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 stock has a market cap of $1.17 billion, a price-to-earnings ratio of -238.28 and a beta of 1.00. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97.

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.