Polaris Capital Management LLC Makes New $1.78 Million Investment in NETSTREIT Corp. (NYSE:NTST)

Polaris Capital Management LLC purchased a new stake in shares of NETSTREIT Corp. (NYSE:NTST) during the fourth quarter, Holdings Channel reports. The fund purchased 125,600 shares of the company’s stock, valued at approximately $1,777,000.

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

Analyst Ratings Changes

NTST has been the subject of several analyst reports. Truist Financial lowered their price objective on NETSTREIT from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Stifel Nicolaus lowered their price objective on shares of NETSTREIT from $19.50 to $19.25 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Scotiabank upgraded shares of NETSTREIT from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 11th. UBS Group began coverage on NETSTREIT in a research note on Monday, October 14th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Raymond James dropped their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 17th. 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, the company has an average rating of “Buy” and a consensus price target of $17.75.

NETSTREIT Trading Down 0.7 %

NETSTREIT stock opened at $14.31 on Tuesday. 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 Corp. has a fifty-two week low of $13.42 and a fifty-two week high of $18.97. The firm’s fifty day moving average price is $14.50 and its 200-day moving average price is $15.60.

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.