Netstreit Corp. (NTST) PT Raised to $22 at Truist Securities
Truist Securities analyst Ki Bin Kim raised the price target on Netstreit Corp. (NYSE: NTST) to $22.00 (from $21.00) while maintaining a Buy rating.
The analyst commented: "Slightly Raising FAD Estimates and Price Target to $22 From $21; What’s Incremental to Our View: We are slightly raising our FAD estimates and price target, supported by higher assumed acquisition volume. We are assuming $719 million of acquisitions in 2026 ($647M net versus $550-$650M guidance) at a 7.5% average yield, followed by $740 million ($733M net) at 7.4% in 2027. We think our 4.1% five-year annual FAD growth projection could prove conservative, particularly if the cost of capital improves in the out years of our model. Our $22 12-month price target (was $21) implies roughly steady earnings multiples and an 11% total return."