BMO Capital Starts Netstreit Corp. (NTST) at Outperform

BMO Capital analyst Eric Borden initiates coverage on Netstreit Corp. (NYSE: NTST) with a Outperform rating and a price target of $24.00.

The analyst comments: "We are initiating coverage of NETSTREIT (NTST) shares with an Outperform rating and a $24 target price. NTST ranks #2 of 11 net lease REITs in our BMO Net Lease Composite Ranking, supporting a modest premium multiple to the group. NTST’s IG-focused acquisition strategy drives strong rent coverage and minimizes tenant disruption risk, while its high liquidity and low leverage provide capital allocation flexibility and support above-average earnings growth. Improving tenant concentration is a positive; however, NTST ranks near the bottom among peers on real estate demographics."

For an analyst ratings summary and ratings history on Netstreit Corp. click here. For more ratings news on Netstreit Corp. click here.

Shares of Netstreit Corp. closed at $20.41 yesterday.

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