Essential Properties Realty Trust (NYSE:EPRT) Given New $29.00 Price Target at Mizuho

Essential Properties Realty Trust (NYSE:EPRT) had its price objective cut by Mizuho from $30.00 to $29.00 in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on EPRT. Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Cantor Fitzgerald increased their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research note on Monday, September 21st. Finally, Scotiabank cut their target price on Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and an average price target of $34.42.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $25.56 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. The firm’s 50-day moving average price is $28.20 and its two-hundred day moving average price is $30.15. Essential Properties Realty Trust has a 52-week low of $24.62 and a 52-week high of $34.73. The stock has a market capitalization of $5.53 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.27 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT) last posted 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. The company had revenue of $161.89 million during the quarter, compared to analyst estimates 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 prior year, the company 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, sell-side analysts forecast that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.28 annualized dividend and a yield of 5.0%. Essential Properties Realty Trust’s dividend payout ratio is presently 99.22%.

Insider Transactions at Essential Properties Realty Trust

In related news, COO Robert M. Jenkins sold 22,000 shares of the stock in a transaction dated 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 owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.77% of the stock is owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pensionfund Sabic grew its holdings in Essential Properties Realty Trust by 13.6% during the third quarter. Pensionfund Sabic now owns 33,500 shares of the company’s stock worth $865,000 after acquiring an additional 4,000 shares during the period. Pensionfund PDN raised its position in Essential Properties Realty Trust by 13.2% in the third quarter. Pensionfund PDN now owns 68,500 shares of the company’s stock worth $1,768,000 after acquiring an additional 8,000 shares in the last quarter. 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 valued at $73,000 after acquiring an additional 1,416 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Essential Properties Realty Trust by 2.9% in the 2nd quarter. QRG Capital Management Inc. now owns 74,383 shares of the company’s stock valued at $2,220,000 after acquiring an additional 2,126 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Essential Properties Realty Trust by 15.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,748 shares of the company’s stock valued at $261,000 after acquiring an additional 1,187 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.