9/24/24
Mizuho Securities maintained its positive stance on Netstreit Corp. (NTST), a real estate investment trust, affirming an Outperform rating and a $17.00 price target. The firm highlighted the company's underperformance compared to its Triple Net peers year-to-date, noting a decline of 5.5% against the sector's gain of 12% and the RMZ's increase of 15%.
This underperformance was attributed to narrower investment spreads and tenant credit issues involving Dollar Tree/Family Dollar, Walgreens, and Big Lots (NYSE:BIG).
Despite the recent lag in performance, Mizuho expressed confidence in Netstreit's future prospects. The firm anticipates that Netstreit will emerge as one of the most attractive opportunities within the Triple Net subsector and could become a leading performer by the end of 2024.
9/24/24
Mizuho Securities maintained its positive stance on Netstreit Corp. (NTST), a real estate investment trust, affirming an Outperform rating and a $17.00 price target. The firm highlighted the company's underperformance compared to its Triple Net peers year-to-date, noting a decline of 5.5% against the sector's gain of 12% and the RMZ's increase of 15%.
This underperformance was attributed to narrower investment spreads and tenant credit issues involving Dollar Tree/Family Dollar, Walgreens, and Big Lots (NYSE:BIG).
Despite the recent lag in performance, Mizuho expressed confidence in Netstreit's future prospects. The firm anticipates that Netstreit will emerge as one of the most attractive opportunities within the Triple Net subsector and could become a leading performer by the end of 2024.