Key Points
- NETSTREIT CFO Daniel Donlan bought 1,000 shares on Dec. 8 at an average price of $17.34, increasing his holding to 24,075 shares (a 4.33% boost) valued at about $417,460.
- The company declared a quarterly dividend of $0.215 (annualized $0.86), implying a ~4.9% yield, payable Dec. 15 with an investor record date (and ex-dividend date) of Dec. 1.
- Q3 results missed on EPS but guidance was issued—NETSTREIT reported $0.01 EPS vs. a $0.33 estimate while revenue of $48.31M slightly beat; management set FY2025 guidance of 1.290–1.31 EPS and analysts average ~1.19 EPS.
NETSTREIT Corp. (NYSE:NTST - Get Free Report) CFO Daniel Donlan acquired 1,000 shares of the business's stock in a transaction on Monday, December 8th. The shares were purchased at an average price of $17.34 per share, with a total value of $17,340.00. Following the transaction, the chief financial officer owned 24,075 shares in the company, valued at $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 the SEC website.
NETSTREIT Stock Down 0.5%
NETSTREIT stock opened at $17.38 on Tuesday. The stock's 50 day moving average price is $18.43 and its 200 day moving average price is $17.87. NETSTREIT Corp. has a 1-year low of $13.42 and a 1-year high of $19.64. The company has a market cap of $1.45 billion, a PE ratio of -1,737,500.00, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.85 and a quick ratio of 3.85.
NETSTREIT (NYSE:NTST - Get Free Report) last released its quarterly earnings data on Monday, October 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.32). The business had revenue of $48.31 million during the quarter, compared to analysts' expectations of $47.78 million. NETSTREIT had a return on equity of 0.01% and a net margin of 0.10%.NETSTREIT has set its FY 2025 guidance at 1.290-1.31 EPS. On average, sell-side analysts predict that NETSTREIT Corp. will post 1.19 EPS for the current fiscal year.
NETSTREIT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.215 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.86 annualized dividend and a dividend yield of 4.9%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Scotiabank restated an "outperform" rating on shares of NETSTREIT in a research report on Wednesday, August 27th. Robert W. Baird upped their price target on NETSTREIT from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, October 28th. Mizuho raised 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. Stifel Nicolaus lifted their price objective on NETSTREIT from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, October 28th. Finally, Cantor Fitzgerald initiated coverage on NETSTREIT in a research report on Wednesday, October 1st. They set an "overweight" rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.55.
Check Out Our Latest Stock Analysis on NETSTREIT
Hedge Funds Weigh In On NETSTREIT
Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised 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 purchasing an additional 1,640 shares during the last quarter. State of Wyoming purchased a new stake in shares of NETSTREIT during the first quarter worth about $58,000. CWM LLC grew its holdings in shares of NETSTREIT by 108.0% during the second quarter. CWM LLC now owns 4,687 shares of the company's stock worth $79,000 after buying an additional 2,434 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of NETSTREIT by 39.1% in the third quarter. CIBC Private Wealth Group LLC now owns 7,299 shares of the company's stock valued at $132,000 after buying an additional 2,051 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in shares of NETSTREIT during the third quarter valued at approximately $159,000.
About NETSTREIT
(
Get Free Report)
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.
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