Mizuho analyst Haendel St. Juste lowered the firm’s price target on Essential Properties Realty Trust to $61 from $67 and keeps a Buy rating on the shares. The firm remains constructive on triple nets real estate investment trusts and believes the stocks can work into fiscal 2024 given improving WACC tailwinds, capital rotation into long duration, and potential earnings upside if rates do not come back to the 5% we saw earlier this fall.
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Read More on EPRT:
- Essential Properties Realty raises quarterly dividend by 1.8% to 28.5c per share
- Essential Properties Realty Trust initiated with a Buy at B. Riley
- Essential Properties Realty Trust price target raised to $27 from $25.75 at Stifel
- Essential Properties Realty Trust price target raised to $27 from $26 at Evercore ISI
- Essential Properties Realty Trust price target raised to $25 from $23 at BofA
