Mizuho Has Lowered Expectations for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Key Points

• Mizuho lowered its price target for Essential Properties Realty Trust from $30 to $29 while maintaining an “outperform” rating, implying approximately 11% upside from the stock’s $26.13 price.
• Analyst sentiment remains broadly positive: EPRT has an average “Buy” rating and a consensus price target of $35.02, although ratings range from Strong Buy to Hold.
• The company recently exceeded quarterly expectations, reporting $0.34 in earnings per share versus $0.33 expected and $161.89 million in revenue, up 18.1% year over year; institutional investors own nearly 97% of its shares.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price target reduced by investment analysts at Mizuho from $30.00 to $29.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price indicates a potential upside of 10.97% from the stock's current price.

Other analysts have also issued research reports about the stock. Evercore restated an "outperform" rating and set a $37.00 price target on shares of Essential Properties Realty Trust in a research note on Monday, September 21st. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Essential Properties Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 2nd. Cantor Fitzgerald boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Essential Properties Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $35.02.

Essential Properties Realty Trust Trading Up 0.2%

Shares of Essential Properties Realty Trust stock opened at $26.13 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. Essential Properties Realty Trust has a 52 week low of $24.62 and a 52 week high of $34.73. The stock has a 50 day moving average price of $28.29 and a two-hundred day moving average price of $30.18. The stock has a market capitalization of $5.65 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping 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 analyst estimates of $156.65 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Essential Properties Realty Trust's revenue for the quarter 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. As a group, equities analysts anticipate that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the firm's stock in a transaction 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 transaction, the chief operating officer directly owned 34,168 shares in the company, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Institutional Trading of Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Essential Properties Realty Trust in the 2nd quarter valued at approximately $1,183,153,000. Dimensional Fund Advisors LP grew its position in shares of Essential Properties Realty Trust by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,101,020 shares of the company's stock valued at $94,151,000 after purchasing an additional 184,196 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Essential Properties Realty Trust by 3.9% in the first quarter. Principal Financial Group Inc. now owns 2,771,898 shares of the company's stock valued at $84,156,000 after purchasing an additional 103,311 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at $52,056,000. Finally, Bank of New York Mellon Corp purchased a new stake in Essential Properties Realty Trust during the 2nd quarter worth about $51,164,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties. The company generally leases its properties to businesses under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Essential Properties focuses primarily on service-oriented and experience-based businesses, including automotive services, health and fitness, medical and dental services, restaurants, early childhood education and other businesses that are often less suited to traditional retail real estate.

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