Brokerages Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) Target Price at $36.41

Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Free Report) has earned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $36.1136.

A number of brokerages have weighed in on EPRT. Mizuho decreased their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Barclays lowered their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company 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 report on Saturday, June 20th. Finally, Weiss Ratings upgraded shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th.

Check Out Our Latest Research Report on EPRT

Institutional Trading of Essential Properties Realty Trust

A number of institutional investors have recently bought and sold shares of EPRT. EverSource Wealth Advisors LLC boosted its holdings in Essential Properties Realty Trust by 82.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. First Horizon Corp raised its holdings in shares of Essential Properties Realty Trust by 146.9% in the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after buying an additional 673 shares during 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 acquiring an additional 433 shares during the period. Clearstead Advisors LLC grew its position in Essential Properties Realty Trust by 664.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after buying an additional 1,382 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Essential Properties Realty Trust by 273.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after acquiring an additional 1,182 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Trading Down 0.0%

EPRT stock opened at $32.34 on Wednesday. Essential Properties Realty Trust has a 52-week low of $28.95 and a 52-week high of $34.73. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. The firm has a market cap of $6.99 billion, a P/E ratio of 25.07, a PEG ratio of 2.55 and a beta of 0.88. The company’s 50-day simple moving average is $30.94 and its 200-day simple moving average is $31.44.

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business 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 revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, equities analysts forecast that Essential Properties Realty Trust will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.32 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s payout ratio is presently 99.22%.

About Essential Properties Realty Trust

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

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