Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Free Report) shares hit a new 52-week low on Thursday after Scotiabank lowered their price target on the stock from $33.00 to $30.00. Scotiabank currently has an outperform rating on the stock. Essential Properties Realty Trust traded as low as $26.45 and last traded at $26.4150, with a volume of 1042354 shares. The stock had previously closed at $26.87.
Other analysts also recently issued reports about the company. Evercore restated an “outperform” rating and issued a $37.00 price target on shares of Essential Properties Realty Trust in a research note on Monday. Weiss Ratings cut Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Mizuho reduced their target price on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. Cantor Fitzgerald upped their price target on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company increased 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Buy” and an average target price of $35.75.
View Our Latest Report on EPRT
Insiders Place Their Bets
Institutional Trading of Essential Properties Realty Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanderbilt University lifted its holdings in shares of Essential Properties Realty Trust by 0.9% in the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock valued at $1,095,000 after purchasing an additional 315 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Essential Properties Realty Trust by 82.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. Assetmark Inc. lifted its position in Essential Properties Realty Trust by 47.8% during the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after buying an additional 433 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Essential Properties Realty Trust by 21.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock worth $82,000 after buying an additional 478 shares during the last quarter. Finally, GSI Capital Advisors LLC grew its holdings in shares of Essential Properties Realty Trust by 0.3% in the 4th quarter. GSI Capital Advisors LLC now owns 147,682 shares of the company’s stock valued at $4,380,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.
Essential Properties Realty Trust Trading Down 1.7%
The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The business has a 50-day moving average of $30.37 and a 200-day moving average of $30.96. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.19 and a beta of 0.85.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current year.
Essential Properties Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 99.22%.
Essential Properties Realty Trust Company Profile
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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