Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $36.95 Consensus Target Price from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been given an average rating of “Buy” by the eleven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.55.

Several equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Barclays lifted their price target on Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Mizuho dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday. Evercore reaffirmed an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Finally, Scotiabank dropped their price objective on shares of Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating for the company in a research note on Tuesday.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $30.56 on Friday. The firm’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $31.30. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.61 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. Essential Properties Realty Trust has a fifty-two week low of $28.95 and a fifty-two week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The company had revenue of $158.80 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Analysts expect that Essential Properties Realty Trust will post 1.96 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 97.64%.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CFO Robert Webb Salisbury sold 5,851 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $186,529.88. Following the sale, the chief financial officer directly owned 8,310 shares of the company’s stock, valued at $264,922.80. This trade represents a 41.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Joseph Peil sold 19,657 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $32.10, for a total transaction of $630,989.70. Following the transaction, the vice president directly owned 76,525 shares in the company, valued at $2,456,452.50. The trade was a 20.44% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 acquiring an additional 405 shares during the period. First Horizon Corp grew its holdings 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 purchasing an additional 673 shares during the period. Assetmark Inc. increased its position in 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 during the last quarter. Clearstead Advisors LLC raised its stake in Essential Properties Realty Trust by 664.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after purchasing an additional 1,382 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Essential Properties Realty Trust by 273.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock valued at $48,000 after purchasing an additional 1,182 shares during 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 (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.