Analysts Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) PT at $35.34

Key Points

• Essential Properties Realty Trust has received a consensus rating of "Moderate Buy" from analysts, with three hold ratings and eight buy ratings among eleven brokerages reviewing the stock.
• The average one-year price target set by analysts for Essential Properties Realty Trust is $35.34, reflecting optimism in its future performance.
• The company reported a 25.4% year-over-year revenue increase, yet fell short of analysts' EPS estimates by $0.01 in its latest earnings release.

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $35.3409.

A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. UBS Group boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, Barclays dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st.

Essential Properties Realty Trust Stock Performance

EPRT traded down $0.22 during midday trading on Friday, reaching $30.73. The company had a trading volume of 2,424,436 shares, compared to its average volume of 1,150,682. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. The stock has a market cap of $6.09 billion, a PE ratio of 26.04, a P/E/G ratio of 2.40 and a beta of 1.08. Essential Properties Realty Trust has a 12-month low of $27.44 and a 12-month high of $34.88. The business has a 50-day moving average price of $30.96 and a two-hundred day moving average price of $31.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The firm's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, sell-side analysts expect that Essential Properties Realty Trust will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the sale, the vice president directly owned 76,590 shares in the company, valued at approximately $2,524,406.40. This represents a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by insiders.

Institutional Trading of Essential Properties Realty Trust

A number of institutional investors have recently modified their holdings of EPRT. Norges Bank purchased a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at approximately $84,188,000. Invesco Ltd. lifted its stake in shares of Essential Properties Realty Trust by 51.8% during the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company's stock valued at $230,504,000 after buying an additional 2,410,278 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at approximately $59,546,000. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at approximately $37,828,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Essential Properties Realty Trust by 66.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company's stock valued at $96,613,000 after buying an additional 1,178,238 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.