Analyst Michael Gorman of BTIG maintained a Buy rating on NETSTREIT, with a price target of $19.00.
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Michael Gorman has given his Buy rating due to a combination of factors that underscore NETSTREIT’s solid operating momentum and earnings visibility. The company modestly exceeded expectations on quarterly AFFO per share, driven mainly by stronger rental income, and management reaffirmed 2026 AFFO guidance that still points to mid-single-digit growth even after factoring in dilution from forward equity.
At the same time, NETSTREIT has been actively recycling capital into higher-yielding investments, delivering record quarterly acquisition volume at attractive cap rates while trimming exposure to more challenged categories like drugstores and dollar stores. The balance sheet remains conservative, with leverage around 4.0x debt to EBITDA and additional equity capacity, leaving the company well positioned to pursue its investment plan and support its dividend, which Gorman views as favorable relative to the current share price.
In another report released today, Scotiabank also reiterated a Buy rating on the stock with a $21.00 price target.