Essential Properties Realty Trust (NYSE:EPRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Essential Properties Realty Trust (NYSE:EPRT) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Stifel Nicolaus boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Mizuho cut 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 research note on Wednesday, May 13th. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Finally, Barclays dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $36.20.

Essential Properties Realty Trust Stock Performance

EPRT opened at $29.66 on Friday. The business has a 50 day moving average price of $31.10 and a two-hundred day moving average price of $31.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. Essential Properties Realty Trust has a 1-year low of $28.95 and a 1-year high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Research analysts predict that Essential Properties Realty Trust will post 1.97 EPS for the current fiscal year.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $32.22, for a total transaction of $708,840.00. Following the completion of the sale, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of large investors have recently made changes to their positions in EPRT. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 405 shares in the last quarter. Assetmark Inc. boosted its position 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 worth $41,000 after buying an additional 433 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Essential Properties Realty Trust in the second quarter worth $41,000. Clearstead Advisors LLC grew 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 buying an additional 1,382 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew 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 buying an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

About Essential Properties Realty Trust

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.