NTST - Rethinking NetSTREIT's Future: KeyBanc Highlights Concerns Over Accretion And FFO Estimates For NTST | Benzinga
KeyBanc Capital Markets analyst Todd M. Thomas downgraded NetSTREIT Corp (NYSE: NTST) to Underweight from Sector Weight with a price target of $13.00.
The analyst is bearish on the stock, given lower levels of expected accretion from investments, which could be a risk to FY24 FFO estimates.
The analyst sees a narrow spread between the company's current cost of capital and investment yields, which can impact the company's growth outlook.
Notably, the analyst cites that NTST has completed ...