Netstreit Corp.: A Retail REIT Poised for Growth Despite Market Turbulence

Netstreit Corp (NTST) is a retail REIT that has outperformed the Texas Sun and continues to grow. Mizuho raised its price target and Raymond James raised its target to $22 despite a slight downgrade. The REIT has expanded its portfolio in the US Sunbelt and has low over-concentration in a single tenant. Its impressive margins, proven dividend growth, and investment-grade rating from Fitch make it a strong buy. However, a lower price forecast and technical patterns hurt its thesis at this time.