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

NETSTREIT Corp. (NYSE:NTST) CFO Daniel Donlan bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average price of $17.34 per share, with a total value of $17,340.00. Following the completion of the purchase, the chief financial officer directly owned 24,075 shares of the company’s stock, valued at approximately $417,460.50. The trade was a 4.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NETSTREIT Trading Down 0.5%

NYSE:NTST traded down $0.09 during mid-day trading on Monday, reaching $17.38. The company’s stock had a trading volume of 962,219 shares, compared to its average volume of 1,065,926. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market cap of $1.45 billion, a P/E ratio of -1,737,500.00, a P/E/G ratio of 3.72 and a beta of 0.90. The company’s fifty day simple moving average is $18.44 and its two-hundred day simple moving average is $17.85. NETSTREIT Corp. has a twelve month low of $13.42 and a twelve month high of $19.64.

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

NETSTREIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.215 dividend. 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.

Wall Street Analyst Weigh In

NTST has been the subject of a number of research analyst reports. Berenberg Bank assumed coverage on NETSTREIT in a report on Monday, October 13th. They set a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus upped their price target on NETSTREIT from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Mizuho lifted their price objective on NETSTREIT from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of NETSTREIT in a report on Monday, December 1st. Finally, Wells Fargo & Company increased their target price on shares of NETSTREIT from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. One investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.55.

Institutional Investors Weigh In On NETSTREIT

Large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its position 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 acquiring an additional 2,051 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of NETSTREIT during the third quarter valued at approximately $183,000. CANADA LIFE ASSURANCE Co lifted its position in shares of NETSTREIT by 10.7% during the third quarter. CANADA LIFE ASSURANCE Co now owns 146,005 shares of the company’s stock worth $2,621,000 after purchasing an additional 14,120 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of NETSTREIT in the third quarter valued at $5,324,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of NETSTREIT by 134.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,482,730 shares of the company’s stock valued at $26,778,000 after purchasing an additional 850,334 shares during the period.

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.