What To Know About Scotiabank's Downgrade of Netstreit

Scotiabank downgraded its rating of Netstreit NTST to Sector Perform with a price target of $20.00, changing its price target from $22.00 to $20.00.

Shares of Netstreit are trading down 1.13% over the last 24 hours, at $18.37 per share.

A move to $20.00 would account for a 8.87% increase from the current share price.

About Netstreit

Netstreit Corp is structured as an umbrella partnership real estate investment trust. The company acquires, owns and manages commercial single-tenant lease properties, with the majority being long-term triple-net leases where the tenant is generally responsible for all improvements and contractually obligated to pay all operating costs (such as real estate taxes, utilities and repairs and maintenance costs).

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.