Raymond James upgraded Essential Properties Realty Trust (EPRT) to Strong Buy from Outperform with a price target of $37, up from $35. Raymond James adjusted ratings in the net lease real estate investment trust group given the year-to-date performance in several names. The firm cites Essential’s low cost of capital, wide investment spreads, capital runway, diverse tenant roster with minimal credit issues, and “sector-leading growth” for the upgrade.
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