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Investing.com - Stifel has reiterated its Buy rating and $20.00 price target on Netstreit Corp. (NYSE:NTST), citing the company’s improved liquidity position and return to external growth. According to InvestingPro data, analyst targets range from $17 to $21, with the stock currently trading at $18.35 and offering a 4.69% dividend yield.
Netstreit has been the top-performing Triple-Net REIT year-to-date through September 17, with shares up 34.7% compared to the Triple-Net sector’s 12.1% gain and the RMS index’s 3.3% increase. The company maintains a strong financial position with a current ratio of 4.66, and InvestingPro data shows an overall Financial Health score of "GOOD."
The research firm noted that improvements in Netstreit’s cost of equity and overall debt market conditions have allowed management to significantly enhance the company’s liquidity position, putting the REIT "on the offensive" with a return to more normalized external growth rates.
Stifel highlighted that management has made "great progress" in addressing previous concerns surrounding tenants such as Walgreens, dollar stores, and Big Lots through dispositions or re-leasing of these spaces.
Despite the strong year-to-date performance, Netstreit stock currently trades effectively in line with the sector on a P/2026E AFFO basis at 13.5x compared to the sector average of 13.3x, according to Stifel’s analysis.
In other recent news, Netstreit Corp has reported its second-quarter 2025 earnings, showcasing a mixed financial performance. The company missed earnings per share (EPS) expectations, reporting $0.04 compared to the anticipated $0.06. However, Netstreit exceeded revenue forecasts, achieving $45.16 million against the expected $44.12 million. Additionally, Netstreit completed a public offering of 12.4 million shares at a price of $17.70 per share, including the full exercise of the underwriters’ option. The offering was managed by Bank of America and Wells Fargo, among others. BofA Securities recently upgraded Netstreit from Underperform to Neutral, citing strong quarterly results and a successful forward equity raise. The firm also raised its price target to $19.00 from $18.00, highlighting the company’s potential for accelerated external growth. These developments reflect Netstreit’s ongoing strategic efforts to strengthen its financial position.
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