Wedbush analyst Jay Kornreich initiated coverage of Essential Properties Realty Trust with an Outperform rating and $34 price target. Despite the slow pace of the overall transaction market during the past 18-24 months, the net lease real estate investment trusts have largely relied on tenant relationships to continue external growth, the analyst tells investors in a research note. The firm says Essential is “currently in this positive flywheel with an equity cost of capital advantage” that ca drive continued earnings growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EPRT:
- Essential Properties Realty price target raised to $30 from $28 at Scotiabank
- Essential Properties Realty Trust price target raised to $33 from $29 at Truist
- Essential Properties Realty Trust price target raised to $32 from $31.25 at Stifel
- Essential Properties Realty Exempt from SEC Filing Liabilities
- Essential Properties Realty Trust reiterates FY24 AFFO view $1.72-$1.75