Netstreit Corp (NYSE: NTST) is 1.34% higher on its value in year-to-date trading and has touched a low of $13.49 and a high of $18.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTST stock was last observed hovering at around $17.50 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $18.09, the stock is 4.96% and 2.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 3.37% at the moment leaves the stock 6.81% off its SMA200. NTST registered 0.39% gain for a year compared to 6-month gain of 14.35%. The firm has a 50-day simple moving average (SMA 50) of $15.81 and a 200-day simple moving average (SMA200) of $21.44.
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The stock witnessed a 7.94% loss in the last 1 month and extending the period to 3 months gives it a 1.12%, and is 4.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.16% over the month.
Netstreit Corp (NTST) has around 28 employees, a market worth around $1.32B and $132.69M in sales. Current P/E ratio is 177.01 and Fwd P/E is 60.30. Profit margin for the company is 5.15%. Distance from 52-week low is 34.10% and -4.44% from its 52-week high. The company has generated returns on investments over the last 12 months (0.36%).
Netstreit Corp quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $36.99M over the same period.The EPS is expected to grow by 145.45% this year, but quarterly earnings will post 18.50% year-over-year. Quarterly sales are estimated to grow 25.60% in year-over-year returns.
255 institutions hold shares in Netstreit Corp (NTST), with institutional investors hold 118.50% of the company’s shares. The shares outstanding are 73.21M, and float is at 72.83M with Short Float at 19.17%. Institutions hold 117.89% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.4 million shares valued at $114.32 million. The investor’s holdings represent 9.55% of the NTST Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.99 million shares valued at $107.03 million to account for 8.94% of the shares outstanding. The other top investors are Morgan Stanley which holds 3.94 million shares representing 5.88% and valued at over $70.4 million, while Principal Financial Group, Inc. holds 5.35% of the shares totaling 3.58 million with a market value of $64.01 million.
Netstreit Corp (NTST) Insider Activity
The most recent transaction is an insider purchase by Donlan Daniel P, the company’s CFO and Treasurer. SEC filings show that Donlan Daniel P bought 1,300 shares of the company’s common stock on Sep 11 ’23 at a price of $16.92 per share for a total of $21996.0. Following the purchase, the insider now owns 2600.0 shares.
Netstreit Corp disclosed in a document filed with the SEC on Aug 03 ’23 that Manheimer Mark (President, CEO and Secretary) bought a total of 3,181 shares of the company’s common stock. The trade occurred on Aug 03 ’23 and was made at $17.28 per share for $54983.0. Following the transaction, the insider now directly holds 0.14 million shares of the NTST stock.
Still, SEC filings show that on Aug 03 ’23, Donlan Daniel P (CFO and Treasurer) acquired 1,300 shares at an average price of $17.25 for $22425.0. The insider now directly holds 1,300 shares of Netstreit Corp (NTST).
