Deutsche Bank analyst Omotayo Okusanya initiated coverage of Essential Properties Realty Trust (EPRT) with a Buy rating and $38 price target The firm started coverage of the triple net real estate investment trust sector with four names. It has a neutral view of the sector as a whole, saying interest rates will likely remain a headwind for the group. That said, the acquisition outlook is constructive as levered players have had to pull back on transaction activity – creating opportunity for the REITs, the analyst tells investors in a research note.
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Read More on EPRT:
- Essential Properties Realty Trust price target raised to $35 from $34 at Wells Fargo
- Essential Properties Realty Trust ups quarterly dividend 2% to 29.5c per share
- Essential Properties Realty price target raised to $33 from $32 at Scotiabank
- Essential Properties Realty Highlights Strong Portfolio and Growth
- Essential Properties Realty Trust price target raised to $35 from $31 at Mizuho
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