Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) had its target price boosted by research analysts at Stifel Nicolaus from $36.00 to $36.25 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.82% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on EPRT. Wells Fargo & Company upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Mizuho cut their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price objective for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings raised Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $36.11.
Read Our Latest Research Report on Essential Properties Realty Trust
Essential Properties Realty Trust Trading Up 0.2%
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. Essential Properties Realty Trust’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Analysts expect that Essential Properties Realty Trust will post 1.97 EPS for the current fiscal year.
Institutional Investors Weigh In On Essential Properties Realty Trust
A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after acquiring an additional 45,561 shares during the period. AQR Capital Management LLC raised its stake in shares of Essential Properties Realty Trust by 21.8% in the first quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock valued at $726,000 after purchasing an additional 3,981 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Essential Properties Realty Trust by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock worth $45,279,000 after purchasing an additional 195,057 shares during the period. Jane Street Group LLC bought a new stake in Essential Properties Realty Trust in the first quarter valued at $2,350,000. Finally, First Trust Advisors LP grew its holdings in Essential Properties Realty Trust by 28.4% during the 2nd quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock worth $4,652,000 after acquiring an additional 32,254 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Essential Properties Realty Trust
Here are the key news stories impacting Essential Properties Realty Trust this week:
- Positive Sentiment: Essential Properties Realty Trust reported Q2 EPS of $0.34, topping estimates by $0.01, and revenue of $161.89 million, above forecasts. Core FFO also came in ahead of consensus, and the company’s revenue rose 18.1% year over year. Article Title
- Positive Sentiment: The company raised FY 2026 EPS guidance to $2.01-$2.05, above the market’s estimate of $1.97, which signals management confidence in earnings momentum. Article Title
- Neutral Sentiment: Barclays lowered its price target on EPRT to $37 from $40, but kept an overweight rating, suggesting the firm still sees upside despite moderating its near-term expectations. Article Title
- Neutral Sentiment: Shares also reacted to reports that quarterly FFO matched expectations at $0.50 per share, reinforcing that the REIT remains on track operationally. Article Title
- Negative Sentiment: Revenue in the quarter was slightly below some expectations in at least one report, which may be tempering enthusiasm even after the earnings beat. Article Title
About Essential Properties Realty Trust
Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.
Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.
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