Evercore ISI analyst James Kammert upgraded Essential Properties Realty Trust (EPRT) to Outperform from In Line with a price target of $36, up from $34. A strong balance sheet, above-average FFO growth and a “reasonable multiple” provide a good set-up for a stock that is down 3% year-to-date, the analyst tells investors in a broader REIT note in which the analyst also rolled forward models to incorporate the firm’s 2027 AFFO estimates into its price target framework.
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