Stifel Nicolaus Increases Essential Properties Realty Trust (NYSE:EPRT) Price Target to $36.25

Essential Properties Realty Trust (NYSE:EPRT) had its target price boosted by equities researchers at Stifel Nicolaus from $36.00 to $36.25 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 12.10% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Mizuho decreased their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Barclays dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company boosted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $36.11.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $32.34 on Thursday. The firm has a market capitalization of $6.99 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. The company has a quick ratio of 5.12, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a 12-month low of $28.95 and a 12-month high of $34.73. The firm has a 50-day moving average price of $30.94 and a 200 day moving average price of $31.42.

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

Hedge Funds Weigh In On Essential Properties Realty Trust

Several large investors have recently bought and sold shares of EPRT. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 405 shares during the period. First Horizon Corp boosted its holdings in Essential Properties Realty Trust by 146.9% during the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after buying an additional 673 shares during the last quarter. Assetmark Inc. grew its position in shares of Essential Properties Realty Trust by 47.8% during the 1st 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. Clearstead Advisors LLC increased its stake in Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position 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 worth $48,000 after purchasing an additional 1,182 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.