Wells Fargo analyst John Kilichowski lowered the firm’s price target on Essential Properties Realty Trust (EPRT) to $34 from $37 and keeps an Overweight rating on the shares. The firm notes 40 REITs it covers reported this week with 24 beats, 3 misses and 13 meets. 27 bumped 2024 guidance, 2 cut, 9 maintained. On average, reporting companies underperformed REITs by -50 bps the day they reported and -140 bps through Friday midday, Wells adds.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EPRT:
- Essential Properties Realty Reports Strong Q3 2024 Results
- Essential Properties Realty Trust reports Q3 adjusted FFO 43c, consensus 44c
- Essential Properties Realty Trust sees 2025 adjusted FFO $1.84-$1.89
- Essential Properties Realty Trust affirms 2024 adjusted FFO outlook $1.72-$1.75
- Is EPRT a Buy, Before Earnings?