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Barclays starts Essential Properties at Overweight, cites different strategy

Barclays starts Essential Properties at Overweight, cites different strategy

Barclays initiated coverage of Essential Properties Realty Trust (EPRT) with an Overweight rating and $35.94 price target In many ways, Essential Properties crystallizes the basic menu of trade-offs in net lease, the analyst tells investors in a research note. The firm added that, amid higher cap rates, financial transparency, master leases, repeat clients, and other bespoke lease terms, Essential Properties seeks to play in a different “sandbox” than most of its peers.

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