|Over a week ago|
Wells Fargo to hold a virtual forum » 08:4809/1409/14/20
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9th Annual Wells Fargo…
9th Annual Wells Fargo Virtual Net Lease REIT Forum will be held on September 14. Webcast Link
Netstreit initiated with a Buy at BofA » 08:2209/0809/08/20
BofA analyst Joshua…
BofA analyst Joshua Dennerlein initiated coverage of Netstreit with a Buy rating and $21 price target. He likes the company's focus on acquiring assets with high quality investment grade tenants in e-commerce resistant industries as well as management's history and experience, Dennerlein tells investors. He also sees room for acquisitions to produce significant AFFO growth given the REIT's smaller size, Dennerlein added.
Wells Fargo bullish on Netstreit, initiates with an Overweight » 08:1709/0809/08/20
As previously reported,…
As previously reported, Wells Fargo analyst Todd Stender initiated coverage of Netstreit with an Overweight rating and $20.50 price target. The analyst believes size and scale will likely be front and center goals for the company to achieve over the intermediate-to-long term, which can add significant value to shareholders Management's highly visible investment pipeline and favorable capital environment paint a favorable picture for Netstreit to ramp up its size off a small asset base and generate above-average earnings growth for the foreseeable future and ahead of the more established peers, he contends.
Netstreit initiated with a Buy at BTIG » 07:2209/0809/08/20
BTIG analyst Michael…
BTIG analyst Michael Gorman initiated coverage of Netstreit with a Buy rating and $21 price target. The analyst is positive on the combination of the company's "potential for external growth" and the quality of its in-place portfolio that position Netstreit well. Gorman further cites Netstreit's "strong" collections during the pandemic, highlighting its portfolio quality, along with the company's experienced in the public REIT space management team.
Netstreit initiated with a Buy at Truist » 06:5709/0809/08/20
Truist analyst Ki Bin Kim…
Truist analyst Ki Bin Kim initiated coverage of Netstreit with a Buy rating and $23 price target. The analyst cites the company's 100% portfolio occupancy with a weighted average lease term of 11.2 years. Ki Bin Kim is also positive on Netstreit's high concentration of investment grade tenancy, its "small-asset base" and its newly assembled portfolio "pruned" for at-risk tenancy, while noting the REIT's experienced management team with "aligned" compensation metrics.
Netstreit initiated with a Buy at Stifel » 06:4309/0809/08/20
Stifel analyst Simon…
Stifel analyst Simon Yarmak initiated coverage of Netstreit with a Buy rating and $22.50 price target. The company's focus on defensive and necessity-based retail properties that are e-commerce resistant positions it well not only for the current environment, but for the long-term, Yarmak tells investors.
Netstreit initiated with a Buy at Jefferies » 06:4109/0809/08/20
Jefferies analyst Linda…
Jefferies analyst Linda Tsai initiated coverage of Netstreit with a Buy rating and $22 price target. The company's acquisitions of investment grade and essential retail has created a tenant base that "has the right make-up to be successful in this environment," Tsai tells investors, noting that Netstreit's rent collections have already nearly normalized following the pandemic.
Netstreit initiated with a Neutral at Citi » 06:2209/0809/08/20
Citi analyst Michael…
Citi analyst Michael Bilerman initiated coverage of Netstreit with a Neutral rating and $18.50 price target. The company's debt structure presents a risk at 100% floating rate, Bilerman tells investors in a research note. While this offers a lower weighted cost of capital near term as management looks to earn a premium equity valuation through execution over time, it also adds meaningful macro risk long term, says the analyst.
Netstreit initiated with an Overweight at Wells Fargo » 05:2709/0809/08/20
Wells Fargo initiated…
Wells Fargo initiated coverage of Netstreit with an Overweight rating and $20.50 price target.
|Over a month ago|
Opening Day: COVID vaccine researcher surges following IPO » 09:2108/1608/16/20
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On Friday, shares of…