NETSTREIT (NYSE:NTST) Updates FY 2025 Earnings Guidance

NETSTREIT (NYSE:NTST) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.280-1.300 for the period, compared to the consensus EPS estimate of 1.280. The company issued revenue guidance of -.

NETSTREIT Stock Performance

Shares of NTST traded up $0.26 on Tuesday, reaching $15.91. The company’s stock had a trading volume of 115,009 shares, compared to its average volume of 915,400. NETSTREIT has a 12-month low of $13.42 and a 12-month high of $18.10. The stock has a market capitalization of $1.30 billion, a P/E ratio of -265.74 and a beta of 0.91. The stock’s 50 day simple moving average is $15.32 and its two-hundred day simple moving average is $15.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.11 and a quick ratio of 4.11.

NETSTREIT (NYSE:NTST) last released its quarterly earnings data on Monday, April 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $45.91 million for the quarter, compared to analysts’ expectations of $44.21 million. NETSTREIT had a negative net margin of 2.96% and a negative return on equity of 0.35%. Research analysts forecast that NETSTREIT will post 1.19 earnings per share for the current fiscal year.

NETSTREIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, March 14th. NETSTREIT’s dividend payout ratio (DPR) is presently -525.00%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CEO Mark Manheimer acquired 6,384 shares of NETSTREIT stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $15.33 per share, for a total transaction of $97,866.72. Following the completion of the transaction, the chief executive officer now owns 304,572 shares in the company, valued at $4,669,088.76. This represents a 2.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have purchased 12,000 shares of company stock valued at $183,172. Company insiders own 0.58% of the company’s stock.

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.