Essential Properties Realty Trust (NYSE:EPRT) Given New $30.00 Price Target at Mizuho

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) had its target price reduced by research analysts at Mizuho from $34.00 to $30.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 11.57% from the stock’s current price.

A number of other equities research analysts also recently weighed in on EPRT. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $34.00 to $33.00 in a research note on Thursday, June 18th. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Cantor Fitzgerald raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays reduced their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $35.84.

View Our Latest Analysis on Essential Properties Realty Trust

Essential Properties Realty Trust Trading Up 0.4%

Shares of NYSE:EPRT opened at $26.89 on Thursday. The firm has a fifty day moving average of $30.81 and a two-hundred day moving average of $31.22. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a 12-month low of $26.68 and a 12-month high of $34.73. The firm has a market capitalization of $5.82 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85.

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The business had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. During the same period in the prior year, the business posted $0.46 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities analysts expect that Essential Properties Realty Trust will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the sale, the chief operating officer directly owned 34,168 shares in the company, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EPRT. WINTON GROUP Ltd bought a new stake in Essential Properties Realty Trust during the second quarter valued at about $618,000. Engineers Gate Manager LP increased its stake in shares of Essential Properties Realty Trust by 742.5% in the second quarter. Engineers Gate Manager LP now owns 69,083 shares of the company’s stock worth $2,062,000 after purchasing an additional 60,883 shares during the period. Allworth Financial LP increased its stake in shares of Essential Properties Realty Trust by 5.3% in the second quarter. Allworth Financial LP now owns 20,599 shares of the company’s stock worth $615,000 after purchasing an additional 1,035 shares during the period. Arizona State Retirement System lifted its position in shares of Essential Properties Realty Trust by 6.6% during the 2nd quarter. Arizona State Retirement System now owns 58,036 shares of the company’s stock worth $1,732,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Essential Properties Realty Trust during the 2nd quarter worth about $88,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

(Get Free Report)

Essential Properties Realty Trust, Inc (NYSE:EPRT) is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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