NETSTREIT (NYSE:NTST) Posts Earnings Results, Beats Expectations By $0.01 EPS

NETSTREIT (NYSE:NTST) posted its quarterly earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01, Zacks reports. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. NETSTREIT updated its FY 2025 guidance to 1.280-1.300 EPS.

NETSTREIT Stock Down 0.1 %

NTST stock opened at $15.61 on Tuesday. NETSTREIT has a fifty-two week low of $13.42 and a fifty-two week high of $18.10. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.28 billion, a PE ratio of -260.12 and a beta of 0.91. The firm’s 50-day simple moving average is $15.32 and its 200 day simple moving average is $15.12.

NETSTREIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is -525.00%.

Insider Buying and Selling at NETSTREIT

In other NETSTREIT news, CEO Mark Manheimer acquired 6,384 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $15.33 per share, with a total value of $97,866.72. Following the acquisition, the chief executive officer now directly owns 304,572 shares of the company’s stock, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 12,000 shares of company stock worth $183,172. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTST shares. Raymond James decreased their price target on NETSTREIT from $19.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Friday, January 17th. Mizuho lifted their target price on NETSTREIT from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, April 3rd. Capital One Financial started coverage on NETSTREIT in a research report on Wednesday, February 12th. They set an “overweight” rating on the stock. Finally, Wells Fargo & Company assumed coverage on shares of NETSTREIT in a report on Monday, April 7th. They issued an “overweight” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.03.

About NETSTREIT

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.