Essential Properties Realty Trust (NYSE:EPRT) Price Target Lowered to $32.00 at Mizuho

Key Points

• Mizuho has lowered its price target for Essential Properties Realty Trust from $35.00 to $32.00, maintaining an "outperform" rating which suggests a potential upside of roughly 7% from the previous close.
• Despite the target reduction, analysts have a consensus average rating of "Moderate Buy" for the stock, with a target price averaging $35.07.
• Essential Properties Realty Trust reported $0.46 EPS for the last quarter, slightly missing estimates, but achieved a 25.4% year-over-year revenue increase.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price objective dropped by research analysts at Mizuho from $35.00 to $32.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 6.97% from the company's previous close.

EPRT has been the subject of several other reports. Barclays reduced their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. UBS Group lifted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.07.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $29.92 on Thursday. The business's 50-day moving average price is $30.82 and its two-hundred day moving average price is $31.55. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust has a twelve month low of $27.44 and a twelve month high of $34.88. The stock has a market cap of $5.93 billion, a P/E ratio of 25.26, a PEG ratio of 2.33 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, equities analysts predict that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP increased its holdings in Essential Properties Realty Trust by 101.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 565,130 shares of the company's stock valued at $18,033,000 after buying an additional 284,502 shares during the period. Public Sector Pension Investment Board raised its position in shares of Essential Properties Realty Trust by 13.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 673,401 shares of the company's stock valued at $21,488,000 after acquiring an additional 78,133 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Essential Properties Realty Trust by 13.6% in the second quarter. Evergreen Capital Management LLC now owns 8,529 shares of the company's stock worth $275,000 after acquiring an additional 1,018 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Essential Properties Realty Trust by 196.1% during the 2nd quarter. Headlands Technologies LLC now owns 7,260 shares of the company's stock worth $232,000 after acquiring an additional 4,808 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Essential Properties Realty Trust by 11.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 376,358 shares of the company's stock worth $11,997,000 after acquiring an additional 37,826 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

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.

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