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Investing.com - Cantor Fitzgerald initiated coverage on Netstreit Corp. (NYSE:NTST), a $1.52 billion market cap real estate company, with an Overweight rating and a $21.00 price target, representing a 16.9% upside from current levels. The stock currently offers a 4.76% dividend yield and has delivered an impressive 32.72% return year-to-date.
The rating is based on a 2026 estimated AFFO multiple of 15.4x, which compares favorably to the property sector peer average of 13.6x, according to Cantor Fitzgerald.
Netstreit stock has recovered after management pruned its portfolio and effectively addressed concerns about rent risk for large tenants that had been featured in negative headlines, including Walgreens and dollar stores.
The company’s tenant credit quality is demonstrated by its low bad debt expectations of just 25 basis points for 2025, Cantor Fitzgerald noted in its analysis. Discover more insights about NTST and access its comprehensive Pro Research Report, along with 6 additional ProTips, by subscribing to InvestingPro.
After beginning the year with conservative acquisition expectations, Netstreit has positioned itself to access equity capital markets to fund acquisition growth, which could potentially drive 2026 Street estimates higher than current projections. The company is scheduled to report its next earnings on October 23, 2025.
In other recent news, Netstreit Corp reported its second-quarter 2025 earnings with a mixed performance. The company posted an earnings per share (EPS) of $0.04, missing the anticipated $0.06, but revenue exceeded expectations at $45.16 million compared to the forecasted $44.12 million. Additionally, Netstreit completed a public offering of 12.4 million shares at $17.70 per share, conducted under an agreement with major banks including Bank of America and Wells Fargo. The company also secured $450 million in additional financing commitments, with a new Term Loan Credit Agreement agented by PNC Bank.
BofA Securities recently upgraded Netstreit from Underperform to Neutral, raising its price target to $19.00 due to strong quarterly results and a recent forward equity raise. Stifel reiterated its Buy rating with a $20.00 price target, highlighting Netstreit’s improved liquidity and return to external growth. These developments reflect Netstreit’s strategic financial maneuvers and adjustments in its credit facilities.
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