Essential Properties price target lowered to $27.25 from $27.75 at Stifel

Stifel analyst Simon Yarmak lowered the firm’s price target on Essential Properties Realty Trust to $27.25 from $27.75 and keeps a Buy rating on the shares after reporting Q1 results. Essential Properties Realty Trust’s AFFO and Core FFO were in line with the firm’s estimates and above Street consensus, the analyst tells investors. Stifel believes the company’s business model "still works."