Stifel Reiterates Buy Rating on Netstreit Corp. (NTST)

Stifel analyst Simon Yarmak reiterated a Buy rating and $20.00 price target on Netstreit Corp. (NYSE: NTST).
The analyst commented, "We hosted meetings with the management team of NETSTREIT.Stifel Takeaways: YTD through 9/17, NTST has been the top-performing Triple-Net REIT (+34.7% vs Triple-Net sector +12.1% vs RMS +3.3%). Improvements in the company's cost of equity, and improvements in the overall debt market, have allowed management to significantly improve the company's liquidity position. We believe NTST is now on the offensive, and should return to a more normalized rate of external growth. While noise surrounding tenants such as Walgreens, dollar stores, and Big Lots weighed on the name last year, management has made great progress in the disposition or re-leasing of these spaces. With an improved portfolio and cost of capital, we believe investors should focus on the name as it becomes an external growth story again. Despite the strong YTD performance, the stock trades effectively in line with the sector on a P/2026E AFFO basis (13.5x vs sector 13.3x)."

For an analyst ratings summary and ratings history on Netstreit Corp. click here. For more ratings news on Netstreit Corp. click here.

Shares of Netstreit Corp. closed at $18.35 yesterday.

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