Why Did BofA Upgrade 3 Triple-net Lease REITs?

Published Apr 07 2021 at 2:32 PM GMT
Key
Points
  • The rating changes in the net lease segment reflects a shift in focus from portfolio quality to growth, which is likely to be key to net lease performance in 2021, according to BofA Securities.
  • The REIT Analyst: Joshua Dennerlein upgraded the ratings for EPR Properties (NYSE: EPR), Essential Properties Realty Trust Inc (NYSE: EPRT) and National Retail Properties, Inc.
  • (NYSE: NNN) from Underperform to Buy.
  • The EPR Properties Thesis: Analyst Dennerlein raised the price target from $26 to $62 in the upgrade no.




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  • Published Apr 7, 2021 2:32 PM GMT