Truist Financial analyst Ki Bin Kim has maintained their bullish stance on NTST stock, giving a Buy rating on February 12.
Ki Bin Kim has given his Buy rating due to a combination of factors including NETSTREIT’s alignment with financial expectations and strategic asset dispositions. The company’s fourth-quarter AFFO per share matched both the consensus and Truist Securities estimates, indicating stable financial performance. Furthermore, NETSTREIT’s guidance for 2025 AFFO per share aligns with market expectations, suggesting a steady outlook.
Despite a slight decline in occupancy and a reduction in investment activity guidance, the company’s strategic disposition of dollar store and pharmacy assets at favorable cash cap rates demonstrates effective portfolio management. This strategic move has reduced exposure to certain tenants, which could mitigate risks associated with tenant-specific financial challenges. Overall, these factors contribute to a positive outlook for NETSTREIT, justifying the Buy rating.
In another report released on February 12, Capital One Financial also initiated coverage with a Buy rating on the stock with a $18.00 price target.