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In a recent transaction reported to the Securities and Exchange Commission, Donlan Daniel P, 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 on March 10 at a price of $15.27 each, amounting to a total purchase value of $15,270. Following this transaction, Donlan’s direct ownership in the company stands at 15,890 shares. According to InvestingPro data, this insider purchase comes as the company maintains a strong liquidity position with a current ratio of 5.91, while offering an attractive dividend yield of 5.52%.
This acquisition is part of a routine SEC filing that provides investors with insights into the trading activities of company insiders. NETSTREIT Corp., a real estate investment trust based in Dallas, Texas, continues to be monitored by investors for insider trading activities. The $1.25B market cap company has shown impressive revenue growth of 23.41% over the last twelve months. InvestingPro analysis suggests the stock is currently slightly undervalued, with additional ProTips and detailed metrics available for subscribers, including a comprehensive Pro Research Report that provides deep-dive analysis of the company’s fundamentals and growth prospects.
In other recent news, Netstreit Corp reported its fourth-quarter 2024 financial results, revealing a mixed performance. The company posted an earnings per share (EPS) of -$0.07, falling short of the expected $0.05, while its revenue exceeded forecasts, reaching $44.1 million against an anticipated $40.94 million. Despite the EPS miss, revenue growth appeared to bolster investor confidence. The company also reported a net loss of $5.4 million for the quarter. Netstreit’s full-year 2024 adjusted funds from operations (AFFO) per share grew by 3.3% compared to 2023, reaching $1.26.
The company completed $195 million in gross investments, marking its highest on record. Additionally, Netstreit plans to continue its investment activities with a projected net investment range of $75-125 million for 2025. Looking ahead, Netstreit provided an AFFO per share guidance for 2025, estimated to be between $1.27 and $1.30. In terms of analyst activity, there were no specific upgrades or downgrades mentioned, though analysts from Scotiabank (TSX:BNS) and UBS engaged with the company during the earnings call, indicating ongoing interest and scrutiny from the financial community.
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