UPDATE: Stifel Starts Netstreit Corp. (NTST) at Buy

(updating comment)

Stifel analyst Simon Yarmak initiates coverage on Netstreit Corp. (NYSE: NTST) with a Buy rating and a price target of $22.50.

The analyst comments "NTST has an attractive defensive focused portfolio, which we believe is well positioned for the current environment, but for the long-term. Following its recent IPO, the company has ample dry powder to execute on its investment strategy, and as a result of the company's smaller relative size, should result in the strongest AFFO growth in the space. As management executes on its strategy, and the portfolio continues to demonstrate its impressive resiliency, we expect additional investors to come into the name, which should drive shares higher, thereby improving the company's cost of capital, and NTST's overall profitability through improved acquisition spreads."

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 $18.37 yesterday.

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