Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Has Consensus Target Price of $35.20

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have earned an average rating of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.20.

A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of 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. Mizuho reduced their price objective on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Monday, September 21st. Finally, Truist Financial began coverage on Essential Properties Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $31.00 target price for the company.

Essential Properties Realty Trust Trading Down 2.3%

Shares of EPRT stock opened at $24.99 on Monday. 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 fifty-two week low of $24.94 and a fifty-two week high of $34.73. The firm’s 50 day moving average price is $29.03 and its two-hundred day moving average price is $30.44. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue 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, analysts anticipate that Essential Properties Realty Trust will post 1.97 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 annualized dividend and a yield of 5.1%. Essential Properties Realty Trust’s payout ratio is 99.22%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was 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 owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

A number of hedge funds have recently made changes to their positions in EPRT. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 433 shares during the period. Global Retirement Partners LLC acquired a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $41,000. Caitong International Asset Management Co. Ltd increased its stake in Essential Properties Realty Trust by 273.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after buying an additional 1,182 shares during the period. EverSource Wealth Advisors LLC increased its stake in Essential Properties Realty Trust by 79.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,612 shares of the company’s stock worth $49,000 after buying an additional 713 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Essential Properties Realty Trust by 100.6% in the 3rd quarter. Versant Capital Management Inc now owns 2,824 shares of the company’s stock worth $73,000 after buying an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties. The company generally leases its properties to businesses under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Essential Properties focuses primarily on service-oriented and experience-based businesses, including automotive services, health and fitness, medical and dental services, restaurants, early childhood education and other businesses that are often less suited to traditional retail real estate.