Essential Properties Realty Trust (NYSE:EPRT) Given New $30.00 Price Target at Scotiabank

Key Points

• Scotiabank lowered Essential Properties Realty Trust’s price target to $30 from $33 while maintaining a “sector outperform” rating, implying approximately 11.6% upside from the prior close.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $35.75.
• EPRT reported quarterly EPS of $0.34, surpassing estimates by $0.01, while revenue rose 18.1% year over year to $161.89 million.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price objective reduced by equities researchers at Scotiabank from $33.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 11.62% from the stock's previous close.

Several other equities research analysts have also recently weighed in on EPRT. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Weiss Ratings cut shares of Essential Properties Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, September 3rd. Wells Fargo & Company boosted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Mizuho reduced their target price on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, September 17th. Finally, Wall Street Zen upgraded shares of Essential Properties Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $35.75.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $26.88 on Thursday. Essential Properties Realty Trust has a 1 year low of $26.47 and a 1 year high of $34.73. The company has a market cap of $5.81 billion, a P/E ratio of 20.83, a PEG ratio of 2.19 and a beta of 0.85. The firm has a 50-day moving average of $30.37 and a 200 day moving average of $30.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.34% and a net margin of 43.51%.The business had revenue of $161.89 million for the quarter, compared to analysts' expectations of $156.65 million. During the same period in the previous year, the firm posted $0.46 EPS. The business's 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. On average, sell-side analysts forecast that Essential Properties Realty Trust will post 1.97 EPS for the current 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 business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $32.22, for a total value of $708,840.00. Following the sale, the chief operating officer directly owned 34,168 shares of the company's stock, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.77% of the company's stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

Large investors have recently modified their holdings of the stock. 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 valued at $27,000 after purchasing an additional 405 shares during the last quarter. Assetmark Inc. increased its stake in 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 purchasing an additional 433 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Essential Properties Realty Trust in the second quarter worth about $41,000. Clearstead Advisors LLC raised its holdings 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 worth $47,000 after buying an additional 1,382 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company's stock worth $48,000 after buying an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc NYSE: EPRT is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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