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Mark Manheimer, the President, CEO, and Secretary of NETSTREIT Corp. (NYSE:NTST), recently purchased 2,500 shares of the company’s common stock. The transaction, which took place on March 11, 2025, was executed at a price of $14.865 per share, resulting in a total investment of $37,162. The purchase was made near the current trading price of $14.91, with the stock offering an attractive dividend yield of 5.63%. Following this acquisition, Manheimer’s direct ownership of NETSTREIT shares increased to 307,072. This purchase reflects the executive’s continued confidence in the company’s prospects, which appears well-founded given the company’s strong revenue growth of 23.41% over the last twelve months. According to InvestingPro analysis, while NETSTREIT isn’t currently profitable, analysts expect positive earnings this year. For deeper insights into NTST’s valuation and growth prospects, including additional ProTips and comprehensive financial analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, Netstreit Corp reported its financial results for the fourth quarter of 2024, revealing a mixed performance. The company posted an earnings per share (EPS) of -$0.07, which missed the forecasted $0.05, while revenue came in at $44.1 million, surpassing expectations of $40.94 million. Despite the shortfall in EPS, the revenue figures indicate strong performance, contributing to investor confidence. Netstreit also reported a net loss of $5.4 million for the quarter. The company achieved a record $195 million in gross investments, which may have bolstered investor sentiment. Looking ahead, Netstreit has introduced its 2025 guidance, projecting AFFO per share between $1.27 and $1.30. The company plans to conduct net investment activities ranging from $75 million to $125 million. Meanwhile, analysts from Scotiabank (TSX:BNS) and UBS have shown interest in Netstreit’s strategies, particularly regarding its investment and diversification efforts.
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