As previously reported, Citi upgraded Essential Properties Realty Trust to Buy from Neutral with a price target of $28.50, up from $25. The firm’s upgrade reflects “a number of key factors,” including favorable investing spreads, relative valuation to other net lease REITs, improved confidence in the acquisitions pipeline, and leverage below targeted metrics, the analyst tells investors.
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Read More on EPRT:
- Essential Properties Realty Trust price target raised to $27.50 from $27 at Stifel
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- Essential Properties announces offering of 8M shares of common stock
- Essential Properties price target lowered to $26 from $27 at Mizuho
