Principal Financial Group Inc. Raises Position in NETSTREIT Corp. (NYSE:NTST)

Principal Financial Group Inc. boosted its position in NETSTREIT Corp. (NYSE:NTST) by 46.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,800,208 shares of the company’s stock after purchasing an additional 1,521,668 shares during the period. Principal Financial Group Inc. owned about 0.06% of NETSTREIT worth $67,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hohimer Wealth Management LLC purchased a new position in shares of NETSTREIT during the 3rd quarter valued at $166,000. Sanctuary Advisors LLC purchased a new stake in NETSTREIT during the third quarter valued at about $169,000. Custom Index Systems LLC bought a new position in NETSTREIT during the third quarter worth about $170,000. M&G PLC purchased a new position in shares of NETSTREIT in the third quarter worth about $173,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in shares of NETSTREIT in the third quarter valued at approximately $177,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James reduced 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 note on Friday, January 17th. Mizuho decreased their price objective on NETSTREIT from $17.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on NETSTREIT from $19.50 to $19.25 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Scotiabank upgraded 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. Finally, Truist Financial cut their price objective on shares of NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.75.

NETSTREIT Stock Up 1.1 %

Shares of NYSE NTST opened at $14.06 on Thursday. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $14.24 and a 200-day moving average of $15.47. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -234.21 and a beta of 1.00. NETSTREIT Corp. has a 12 month low of $13.42 and a 12 month high of $18.97.

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.