Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $36.00

Essential Properties Realty Trust (NYSE:EPRT) had its price objective upped by Cantor Fitzgerald from $35.00 to $36.00 in a research note released on Friday morning, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also commented on EPRT. Berenberg Bank assumed coverage on shares of Essential Properties Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $36.00 price objective on the stock. Barclays decreased their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Stifel Nicolaus set a $36.00 price objective on shares of Essential Properties Realty Trust in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.35.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $31.11 on Friday. The firm has a 50 day simple moving average of $30.35 and a 200-day simple moving average of $31.18. Essential Properties Realty Trust has a 1-year low of $27.44 and a 1-year high of $34.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The business had revenue of $136.54 million during the quarter, compared to analysts’ expectations of $140.42 million. During the same quarter in the prior year, the company posted $0.43 EPS. 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. FY 2025 guidance at 1.870-1.890 EPS. On average, analysts expect that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. Essential Properties Realty Trust’s dividend payout ratio is 96.77%.

Institutional Investors Weigh In On Essential Properties Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new stake in Essential Properties Realty Trust during the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $44,000. Salomon & Ludwin LLC acquired a new stake in shares of Essential Properties Realty Trust in the 3rd quarter valued at $46,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Essential Properties Realty Trust in the 3rd quarter valued at $61,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.