Scotiabank raised the firm’s price target on Essential Properties Realty Trust to $28 from $26 and keeps a Sector Perform rating on the shares. The firm updated its estimates on the stock following the release of the company’s “mostly in-line” Q1 results, the analyst tells investors. The firm believes the company’s valuation premium is justified given its adjusted funds from operations growth, access to acquisitions, and transaction track record.
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