Stifel analyst Simon Yarmak raised the firm’s price target on Essential Properties Realty Trust to $27 from $25.75 and keeps a Buy rating on the shares. The firm adjusted its price target on the stock because it believes the company has de-risked much of its 2024 AFFO growth, has the widest investments spread in the sector, and has one of the lowest levered balance sheets, the analyst tells investors.
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Read More on EPRT:
- 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
- Essential Properties Realty Trust narrows FY23 AFFO view to $1.64-$1.65
- Essential Properties Realty Trust sees FY24 AFFO $1.71-$1.75
- Essential Properties Realty Trust reports Q3 AFFO 42c, consensus 42c