Netstreit upgraded to Sector Weight from Underweight at KeyBanc

KeyBanc upgraded Netstreit to Sector Weight from Underweight without a price target ahead of earnings and following the company’s recent capital raising activity. Netstreit has “sufficient dry powder” for investments in 2024, and though accretion from deals may be limited in the near-term, investment yields may improve alongside lower borrowing costs, which could lead to greater accretion and further drive down the company’s cost of capital, the analyst tells investors in a research note.