Netstreit price target lowered to $17 from $18 at Jefferies

Jefferies lowered the firm’s price target on Netstreit (NTST) to $17 from $18 and keeps a Buy rating on the shares as part of a 2025 outlook for the net least real estate investment trusts. With interest rates still moving lower, cap rate expansion has stalled, but improving weighted average cost of capitals improve the growth outlook for net lease, the analyst tells investors in a research note. The firm is most bullish on Agree Realty (ADC), saying its premium equity multiple “enables better offense and a wider set of acquisition opportunities, driving more earnings accretion.”