Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $35.32 Consensus PT from Brokerages

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.3182.

Several equities research analysts have recently commented on EPRT shares. Stifel Nicolaus set a $36.00 price target on shares of Essential Properties Realty Trust in a report on Thursday, October 23rd. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Berenberg Bank started coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $36.00 target price for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Monday.

Institutional Trading of Essential Properties Realty Trust

Several hedge funds have recently modified their holdings of EPRT. Royal Bank of Canada grew its position in shares of Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after buying an additional 45,561 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Essential Properties Realty Trust by 31.1% in the first quarter. EP Wealth Advisors LLC now owns 8,512 shares of the company’s stock valued at $278,000 after acquiring an additional 2,021 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Essential Properties Realty Trust by 269.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 425,000 shares of the company’s stock valued at $13,872,000 after acquiring an additional 310,000 shares in the last quarter. Amundi grew its holdings in Essential Properties Realty Trust by 133.7% in the first quarter. Amundi now owns 756,759 shares of the company’s stock worth $24,073,000 after purchasing an additional 432,963 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Essential Properties Realty Trust by 18.6% during the first quarter. Advisors Asset Management Inc. now owns 5,395 shares of the company’s stock worth $176,000 after purchasing an additional 845 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $29.69 on Friday. Essential Properties Realty Trust has a twelve month low of $27.44 and a twelve month high of $33.35. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $30.64. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.01 and a beta of 0.99.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The firm had revenue of $144.93 million for the quarter, compared to analyst estimates of $140.42 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. On average, analysts predict that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.2%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 100.00%.

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.