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In a recent transaction, Daniel P. Donlan, the Chief Financial Officer and Treasurer of NETSTREIT Corp. (NYSE:NTST), purchased 1,000 shares of the company’s common stock. The shares were acquired at a price of $15 each, totaling $15,000. Following this acquisition, Donlan’s direct ownership in the company increased to 14,890 shares. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission.The $1.23 billion market cap company currently offers a 5.6% dividend yield and has demonstrated strong revenue growth of 23.4% over the last twelve months. According to InvestingPro analysis, while NETSTREIT isn’t currently profitable, analysts expect the company to turn profitable this year. The company maintains a healthy liquidity position with a current ratio of 5.91, indicating strong ability to meet short-term obligations.Want deeper insights into NETSTREIT’s financial health and growth prospects? InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis, including detailed Fair Value calculations and comprehensive Pro Research Reports.
In other recent news, Netstreit Corp reported mixed financial results for the fourth quarter of 2024. The company’s earnings per share (EPS) were -$0.07, missing the forecast of $0.05, but revenue exceeded expectations, coming in at $44.1 million against an anticipated $40.94 million. Despite the EPS miss, the company experienced a net loss of $5.4 million for the quarter. However, Netstreit completed a record $195 million in gross investments, highlighting its strategic focus on growth. The company’s annualized funds from operations (AFFO) per share grew by 3.3% over the previous year, reaching $1.26. Looking ahead, Netstreit has set its 2025 AFFO per share guidance between $1.27 and $1.30, with plans for net investment activity ranging from $75 million to $125 million. Analyst firms like Scotiabank (TSX:BNS) noted the company’s strategic reinvestment in asset sales, emphasizing its focus on risk-adjusted returns. Additionally, Netstreit’s diversification efforts are ongoing, with plans to reduce tenant concentration further.
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