Netstreit Corp (NYSE: NTST) is -8.01% lower on its value in year-to-date trading and has touched a low of $13.49 and a high of $18.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTST stock was last observed hovering at around $16.28 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $16.42, the stock is -2.12% and -0.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.86% at the moment leaves the stock -4.28% off its SMA200. NTST registered 0.86% gain for a year compared to 6-month loss of -6.17%. The firm has a 50-day simple moving average (SMA 50) of $16.539 and a 200-day simple moving average (SMA200) of $17.15185.
The stock witnessed a -4.26% gain in the last 1 month and extending the period to 3 months gives it a -0.18%, and is -0.97% down 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 2.13% over the week and 2.16% over the month.
Netstreit Corp (NTST) has around 28 employees, a market worth around $1.27B and $148.84M in sales. Current P/E ratio is 224.93 and Fwd P/E is 49.26. Profit margin for the company is 3.30%. Distance from 52-week low is 21.72% and -13.44% from its 52-week high. The company has generated returns on investments over the last 12 months (0.24%).
The EPS is expected to grow by 12.12% this year
270.0 institutions hold shares in Netstreit Corp (NTST), with institutional investors hold 120.93% of the company’s shares. The shares outstanding are 77.38M, and float is at 77.02M with Short Float at 12.89%. Institutions hold 120.39% of the Float.
The top institutional shareholder in the company is COHEN & STEERS, INC. with over 9.23 million shares valued at $148.62 million. The investor’s holdings represent 12.5441 of the NTST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.05 million shares valued at $129.55 million to account for 10.9347 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 7.68 million shares representing 10.4328 and valued at over $123.6 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 7.3888 of the shares totaling 5.44 million with a market value of $87.54 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 1,200 shares of the company’s common stock on Aug 19 ’24 at a price of $16.20 per share for a total of $19440.0. Following the purchase, the insider now owns 10910.0 shares.
Netstreit Corp disclosed in a document filed with the SEC on May 16 ’24 that Minnis Todd (Director) sold a total of 6,250 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $17.86 per share for $0.11 million. Following the transaction, the insider now directly holds 10359.0 shares of the NTST stock.
