Barclays Lowers Essential Properties Realty Trust (NYSE:EPRT) Price Target to $37.00

Essential Properties Realty Trust (NYSE:EPRT) had its target price lowered by analysts at Barclays from $40.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 15.14% from the company’s previous close.

EPRT has been the topic of a number of other reports. Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Stifel Nicolaus raised their price target on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company raised their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the company from $34.00 to $33.00 in a research report on Thursday, June 18th. Finally, Mizuho decreased their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $36.11.

Essential Properties Realty Trust Stock Down 1.6%

Shares of EPRT opened at $32.13 on Wednesday. Essential Properties Realty Trust has a 52-week low of $28.95 and a 52-week high of $34.73. The company has a market capitalization of $6.95 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. The stock has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $31.42. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.45%. The firm had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. During the same quarter in the previous year, the company posted $0.46 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, equities analysts forecast that Essential Properties Realty Trust will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its holdings in Essential Properties Realty Trust by 111.6% during the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock valued at $552,031,000 after acquiring an additional 9,816,042 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Essential Properties Realty Trust by 1,930,360.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock worth $199,829,000 after purchasing an additional 6,736,959 shares during the period. Daiwa Securities Group Inc. increased its stake in Essential Properties Realty Trust by 4,681.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,997,593 shares of the company’s stock worth $118,569,000 after purchasing an additional 3,913,986 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Essential Properties Realty Trust by 195.4% during the third quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock worth $118,171,000 after purchasing an additional 2,626,478 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth about $68,467,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Essential Properties Realty Trust

Here are the key news stories impacting Essential Properties Realty Trust this week:

• Positive Sentiment: Q2 earnings came in ahead of estimates, with EPS of $0.34 versus $0.33 expected, and revenue of $161.89 million topping the consensus estimate. The company also raised FY 2026 EPS guidance to $2.01-$2.05, above the analyst forecast of $1.97. Article Title
• Positive Sentiment: Stifel Nicolaus raised its price target on EPRT from $36.00 to $36.25 and reiterated a “buy” rating, signaling continued upside potential. Article Title
• Positive Sentiment: Barclays also maintained an “overweight” rating, though it trimmed its price target to $37.00 from $40.00, still implying room for gains. Article Title
• Positive Sentiment: Zacks reported that quarterly funds from operations matched expectations at $0.50 per share, indicating stable operating performance for the REIT. Article Title
• Neutral Sentiment: Analyst consensus remains broadly favorable, with coverage indicating a “buy” rating average across Wall Street. Article Title
• Negative Sentiment: Some earnings commentary noted that core FFO beat estimates, but revenue missed in one report, which may have tempered investor enthusiasm despite the overall solid quarter. Article Title

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.