Essential Properties Realty Trust price target lowered to $36 from $37 at Barclays

Barclays analyst Richard Hightower lowered the firm’s price target on Essential Properties Realty Trust (EPRT) to $36 from $37 and keeps an Overweight rating on the shares. The firm adjusted price targets in the net lease real estate investment trust as part of a Q2 earnings preview. The sector has underperformed over the past 90 days due to a risk-on market positioning, the analyst tells investors in a research note. However, Barclays believes tenant credit concerns have eased since Q1, despite the ongoing uncertainty around tariffs.