Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Free Report) has received an average recommendation of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $36.2045.
A number of brokerages have recently weighed in on EPRT. Barclays cut 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. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald increased their price target on Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price target for the company from $34.00 to $33.00 in a report on Thursday, June 18th.
Read Our Latest Analysis on Essential Properties Realty Trust
Essential Properties Realty Trust Price Performance
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last announced its quarterly 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 company had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. Essential Properties Realty Trust’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, sell-side analysts expect that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.
Essential Properties Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 99.22%.
Insider Activity at Essential Properties Realty Trust
In related news, COO Robert M. Jenkins sold 22,000 shares of the firm’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 transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.
Hedge Funds Weigh In On Essential Properties Realty Trust
Institutional investors have recently bought and sold shares of the business. Vanderbilt University lifted its holdings in Essential Properties Realty Trust by 0.9% during 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. Lido Advisors LLC grew its position in shares of Essential Properties Realty Trust by 3.7% in the fourth quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after purchasing an additional 346 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. Assetmark Inc. increased its stake in shares of Essential Properties Realty Trust by 47.8% during the first quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after purchasing an additional 433 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position 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 purchasing an additional 478 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.
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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