Essential Properties Realty Trust, Inc. (NYSE:EPRT) Given Average Rating of “Buy” by Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been assigned a consensus rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.50.

Several equities research analysts recently weighed in on EPRT shares. Scotiabank reduced their price target 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 report on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Friday, February 13th. Truist Financial lifted their target price on shares of Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Raymond James Financial raised shares of Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $35.00 to $37.00 in a research report on Tuesday, March 17th. Finally, Wells Fargo & Company lifted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CFO Robert Webb Salisbury sold 5,851 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $31.88, for a total value of $186,529.88. Following the completion of the sale, the chief financial officer owned 8,310 shares of the company’s stock, valued at approximately $264,922.80. The trade was a 41.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP A Joseph Peil sold 19,657 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $32.10, for a total transaction of $630,989.70. Following the completion of the sale, the vice president directly owned 76,525 shares of the company’s stock, valued at approximately $2,456,452.50. This trade represents a 20.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Vanderbilt University grew its position in shares of Essential Properties Realty Trust by 0.9% during the 1st quarter. Vanderbilt University now owns 36,078 shares of the company’s stock valued at $1,095,000 after acquiring an additional 315 shares during the period. Lido Advisors LLC grew its position in shares of Essential Properties Realty Trust by 3.7% during the 4th quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after acquiring an additional 346 shares during the period. EverSource Wealth Advisors LLC grew its position 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 valued at $27,000 after acquiring an additional 405 shares during the period. 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 valued at $41,000 after acquiring an additional 433 shares during the period. Finally, Signaturefd LLC grew its position in shares of Essential Properties Realty Trust by 11.9% during the 4th quarter. Signaturefd LLC now owns 4,110 shares of the company’s stock valued at $122,000 after acquiring an additional 436 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $29.93 on Tuesday. The company has a market capitalization of $6.47 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91. 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 firm has a 50 day moving average of $31.40 and a 200 day moving average of $31.36. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million for the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. Essential Properties Realty Trust’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Essential Properties Realty Trust’s payout ratio is 97.64%.

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.