Evercore ISI raised the firm’s price target on Essential Properties Realty Trust to $27 from $26 and keeps an Outperform rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on EPRT:
- 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
- Essential Properties price target lowered to $23 from $26 at Mizuho
