Daniel Donlan Acquires 1,000 Shares of NETSTREIT (NYSE:NTST) Stock

NETSTREIT Corp. (NYSE:NTST) CFO Daniel Donlan acquired 1,000 shares of NETSTREIT stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $17.34 per share, with a total value of $17,340.00. Following the completion of the transaction, the chief financial officer directly owned 24,075 shares in the company, valued at $417,460.50. This represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NETSTREIT Price Performance

Shares of NYSE NTST opened at $17.60 on Wednesday. The company has a market capitalization of $1.47 billion, a PE ratio of -1,759,500.00, a PEG ratio of 3.70 and a beta of 0.90. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $18.42 and its 200-day moving average price is $17.88. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $19.64.

NETSTREIT (NYSE:NTST) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.32). The business had revenue of $48.31 million for the quarter, compared to analysts’ expectations of $47.78 million. NETSTREIT had a net margin of 0.10% and a return on equity of 0.01%. NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. On average, equities analysts anticipate that NETSTREIT Corp. will post 1.19 EPS for the current year.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st.

Analyst Ratings Changes

NTST has been the subject of several research reports. Berenberg Bank initiated coverage on shares of NETSTREIT in a research report on Monday, October 13th. They set a “buy” rating and a $22.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a research note on Monday. Scotiabank restated an “outperform” rating on shares of NETSTREIT in a research note on Wednesday, August 27th. Stifel Nicolaus lifted their price target on shares of NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Wells Fargo & Company upped their price objective on NETSTREIT from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.55.

Institutional Trading of NETSTREIT

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in NETSTREIT by 1,123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,640 shares in the last quarter. State of Wyoming purchased a new position in shares of NETSTREIT in the first quarter valued at $58,000. CWM LLC raised its stake in shares of NETSTREIT by 108.0% during the 2nd quarter. CWM LLC now owns 4,687 shares of the company’s stock valued at $79,000 after purchasing an additional 2,434 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in NETSTREIT by 39.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company’s stock worth $132,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in NETSTREIT in the 3rd quarter worth about $159,000.

NETSTREIT Company 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.