Principal Financial Group Inc. Raises Holdings in NETSTREIT Corp. $NTST

Principal Financial Group Inc. lifted its holdings in NETSTREIT Corp. (NYSE:NTST) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,958,073 shares of the company’s stock after purchasing an additional 955,951 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of NETSTREIT worth $161,783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NTST. Lasalle Investment Management Securities LLC increased its position in NETSTREIT by 13.8% during the second quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company’s stock worth $64,953,000 after purchasing an additional 464,980 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in shares of NETSTREIT by 44.4% during the second quarter. Hudson Bay Capital Management LP now owns 2,807,797 shares of the company’s stock worth $47,536,000 after buying an additional 862,766 shares during the period. Alliancebernstein L.P. boosted its holdings in NETSTREIT by 10.2% during the 2nd quarter. Alliancebernstein L.P. now owns 2,173,506 shares of the company’s stock valued at $36,797,000 after acquiring an additional 200,700 shares during the period. Tributary Capital Management LLC boosted its stake in shares of NETSTREIT by 92.6% in the third quarter. Tributary Capital Management LLC now owns 1,559,924 shares of the company’s stock valued at $28,172,000 after purchasing an additional 749,811 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in NETSTREIT by 96.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,162,949 shares of the company’s stock valued at $19,689,000 after buying an additional 570,094 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTST. Truist Financial lifted their price target on shares of NETSTREIT from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Robert W. Baird increased their price objective on NETSTREIT from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Mizuho decreased their target price on shares of NETSTREIT from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 29th. Finally, Berenberg Bank began coverage on shares of NETSTREIT in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NETSTREIT has an average rating of “Moderate Buy” and an average price target of $20.36.

NETSTREIT Trading Up 0.8%

Shares of NETSTREIT stock opened at $18.81 on Monday. The company has a market capitalization of $1.57 billion, a P/E ratio of -1,881,000.00, a P/E/G ratio of 3.81 and a beta of 0.88. The business has a 50 day moving average price of $17.81 and a 200 day moving average price of $18.19. NETSTREIT Corp. has a 1 year low of $13.74 and a 1 year high of $19.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.