Essential Properties Realty Trust (NYSE:EPRT) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Essential Properties Realty Trust from “sell” to “hold,” although the broader analyst consensus remains “Buy” with an average price target of $36.20.
• EPRT reported quarterly EPS of $0.34, surpassing estimates by $0.01, while revenue reached $161.89 million, up 18.1% year over year and above forecasts.
• The stock opened at $29.66, below its analyst price targets; COO Robert M. Jenkins sold 22,000 shares, while institutional investors and hedge funds own 96.98% of outstanding shares.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus increased their target price on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Essential Properties Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. Cantor Fitzgerald increased their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Scotiabank upgraded Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Finally, Wells Fargo & Company upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of "Buy" and an average price target of $36.20.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $29.66 on Friday. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. The business has a 50 day simple moving average of $31.12 and a 200-day simple moving average of $31.46.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, equities research analysts expect that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

Insider Activity at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the sale, the chief operating officer 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of EPRT. EverSource Wealth Advisors LLC boosted its position in shares of Essential Properties Realty Trust by 82.0% in 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 period. Assetmark Inc. raised its holdings in 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. Global Retirement Partners LLC acquired a new stake in Essential Properties Realty Trust during the 2nd quarter worth about $41,000. Clearstead Advisors LLC lifted its stake in Essential Properties Realty Trust by 664.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company's stock valued at $47,000 after buying an additional 1,382 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in 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 valued at $48,000 after buying an additional 1,182 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

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.

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