Evercore ISI Upgrades Essential Properties Realty Trust (EPRT) to Outperform

Evercore ISI analyst Steve Sakwa upgraded Essential Properties Realty Trust (NYSE: EPRT) from In Line to Outperform with a price target of $36.00 (from $34.00).

The analyst comments "A strong balance sheet, above-average FFO growth and a reasonable multiple provide a good set-up for a stock that is down 3% YTD and has lagged the REIT index by 800bp. Our PT rises from $34 to $36 on the roll forward to ’27 and our estimated return is 25%."

For an analyst ratings summary and ratings history on Essential Properties Realty Trust click here. For more ratings news on Essential Properties Realty Trust click here.

Shares of Essential Properties Realty Trust closed at $29.84 yesterday.

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