NetSTREIT Corp. (NTST) Securities Investigation
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended an investment in NetSTREIT Corp. to investors.
NetSTREIT Corp., a commercial REIT, is expected to begin trading its common stock on the New York Stock Exchange today, August 13, 2020, under the ticker symbol “NTST.” The offering is expected to close on August 17, 2020, subject to satisfaction of customary closing conditions.
The REIT reportedly said it had raised $225 million in its U.S. initial public offering after selling less shares than expected at a price below its target range.
The company priced its IPO of 12.5 million shares at $18 per share. NetSTREIT had initially planned to sell up to 15.5 million shares at $19-$21 per share.
The commercial real estate business has taken a hit globally due to the COVID-19 global pandemic, as most tenants have been unable to pay rent.
Aggressive financial advisors may have unsuitably recommended NTST in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector can be unsuitable for many investors.
Free Consultation with a Securities Attorney
If you are concerned about your investment losses in NetSTREIT Corp., the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.Tags: NetSTREIT Corp. (NTST), NetSTREIT Corp. class action lawsuit, NetSTREIT Corp. complaints, NetSTREIT Corp. investigation, NetSTREIT Corp. investment loss, NetSTREIT Corp. lawsuit, NetSTREIT Corp. recovery options, NetSTREIT IPO, NTST IPO, NTST share price Last modified: August 13, 2020