Analysts Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) PT at $36.41

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has been given an average rating of “Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.1136.

EPRT has been the topic of several recent analyst reports. Mizuho dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and lowered their price objective for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. Finally, Barclays cut their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday.

Institutional Trading of Essential Properties Realty Trust

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake 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 during the period. First Horizon Corp grew its stake in 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 acquiring an additional 673 shares during the period. Assetmark Inc. grew its stake in Essential Properties Realty Trust by 47.8% in the first quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after acquiring an additional 433 shares during the period. Clearstead Advisors LLC increased its holdings in shares of Essential Properties Realty Trust by 664.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $48,000 after acquiring an additional 1,182 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $32.34 on Wednesday. The stock has a 50-day moving average price of $30.94 and a 200-day moving average price of $31.42. Essential Properties Realty Trust has a 1-year low of $28.95 and a 1-year high of $34.73. The company has a current ratio of 8.17, a quick ratio of 5.12 and a debt-to-equity ratio of 0.65. The firm has a market cap of $6.99 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its 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. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’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. As a group, equities research analysts expect that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 99.22%.

Essential Properties Realty Trust Company Profile

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.