Essential Properties Realty Trust initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of Essential Properties Realty Trust with an Outperform rating and $29 price target. The analyst ranks Essential number two of 11 net lease REITs in its Net Lease Composite Ranking as the firm contends that the REIT’s smaller asset acquisition model focused on middle-market, service, and experience-based tenants should continue to support leading earnings growth.