Mizuho Securities analyst Haendel St. Juste has maintained their bullish stance on NTST stock, giving a Buy rating on February 25.
Haendel St. Juste has given his Buy rating due to a combination of factors that highlight NETSTREIT’s strategic asset management and growth potential. The company has demonstrated effective risk management by reducing its exposure to tenants considered at risk, such as Walgreens and Dollar General, while simultaneously acquiring assets with higher yields and better tenant profiles. This strategic recycling of assets is seen as a positive move to enhance growth and improve the company’s risk profile.
Additionally, despite the challenges posed by a high weighted average cost of capital (WACC) and tight investment spreads, NETSTREIT has managed to maintain a solid acquisition volume and has sufficient capital to meet its investment targets for the upcoming year. The company’s ability to navigate these financial constraints and continue its growth trajectory underpins the Buy rating, as it suggests potential for earnings upside in the future.
According to TipRanks, St. Juste is a 4-star analyst with an average return of 3.6% and a 53.90% success rate. St. Juste covers the Real Estate sector, focusing on stocks such as Equity Residential, Essex Property, and Agree Realty.
In another report released on February 25, BTIG also maintained a Buy rating on the stock with a $19.00 price target.