Netstreit price target lowered to $19 from $23 at BTIG

BTIG lowered the firm’s price target on Netstreit to $19 from $23 and keeps a Buy rating on the shares. The firm is updating its model while noting that the company offers a “stable portfolio” with lower investment expectations in 2024, the analyst tells investors in a research note. BTIG adds however that it still anticipates a slowdown in net investment activity in 2024 to about $50M due to uncertainty in the capital markets and Netstreit’s cost of capital.