Rethinking NetSTREIT's Future: KeyBanc Highlights Concerns Over Accretion And FFO Estimates For NTST
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Markets analyst Todd M. Thomas has downgraded NetSTREIT Corp (NTST) to Underweight from Sector Weight with a price target of $13.00. The downgrade is due to concerns over lower levels of expected accretion from investments, which could impact FY24 FFO estimates. NTST has completed over $900 million of acquisitions since its August 2021 IPO and is expected to make net investments of more than $450 million this year. However, the analyst suggests that the company may have to slow investments until the economics improve.

October 12, 2023 | 5:32 pm
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NetSTREIT Corp (NTST) has been downgraded by KeyBanc Capital Markets due to concerns over lower levels of expected accretion from investments. This could impact the company's FY24 FFO estimates and future cash flow growth.
The downgrade by KeyBanc Capital Markets is based on concerns over lower levels of expected accretion from investments, which could impact the company's FY24 FFO estimates and future cash flow growth. This negative sentiment from a major analyst could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100