BTIG analyst Michael Gorman has maintained their bullish stance on NTST stock, giving a Buy rating yesterday.
Michael Gorman has given his Buy rating due to a combination of factors including NETSTREIT’s strong financial performance and strategic initiatives. The company reported a higher-than-expected AFFO per share for the fourth quarter, indicating effective management of operating expenses despite lower rental revenue. Additionally, NETSTREIT’s strategic acquisitions and dispositions during the quarter resulted in record transaction volumes, which is a positive indicator of its growth potential.
Furthermore, the company’s focus on diversifying its tenant base and maintaining a defensive portfolio is seen as a prudent strategy in the current market environment. With no debt maturities until 2027, NETSTREIT’s capital structure is considered robust. The management’s conservative guidance for 2025, with a focus on being net investors, aligns with their strategy to navigate the higher cost of capital while still aiming for growth. These factors collectively support the Buy rating.
According to TipRanks, Gorman is a 4-star analyst with an average return of 5.0% and a 51.98% success rate. Gorman covers the Real Estate sector, focusing on stocks such as Agree Realty, Regency Centers, and American Homes.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $16.00 price target.