Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $36.00

Key Points

• Cantor Fitzgerald has raised the price target for Essential Properties Realty Trust from $35.00 to $36.00, indicating a potential upside of 15.74% from its previous closing price.
• Current consensus ratings show that 12 analysts have assigned a Buy rating to the stock, with an average price target of $35.35.
• Essential Properties reported a quarterly EPS of $0.48, meeting consensus estimates while achieving a year-over-year revenue increase of 23.7%.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price target upped by Cantor Fitzgerald from $35.00 to $36.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective indicates a potential upside of 15.74% from the stock's previous close.

Several other research analysts have also weighed in on the stock. Barclays cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Berenberg Bank assumed coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They set a "buy" rating and a $36.00 target price for the company. Mizuho lowered their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. UBS Group increased their price objective 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. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Essential Properties Realty Trust in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.35.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded down $0.76 on Friday, reaching $31.11. 1,161,969 shares of the stock were exchanged, compared to its average volume of 1,707,523. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust has a 1-year low of $27.44 and a 1-year high of $34.88. The business has a fifty day moving average price of $30.34 and a two-hundred day moving average price of $31.14. The firm has a market capitalization of $6.16 billion, a PE ratio of 25.15, a PEG ratio of 2.37 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.42%. The company had revenue of $136.54 million for the quarter, compared to the consensus estimate of $140.42 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. As a group, research analysts anticipate that Essential Properties Realty Trust will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of large investors have recently bought and sold shares of EPRT. TD Private Client Wealth LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Essential Properties Realty Trust in the second quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at approximately $44,000. Salomon & Ludwin LLC acquired a new position in Essential Properties Realty Trust in the 3rd quarter valued at about $46,000. Finally, Headlands Technologies LLC purchased a new position in Essential Properties Realty Trust in the 1st quarter valued at approximately $80,000. Institutional investors and hedge funds own 96.98% of the company's stock.

About Essential Properties Realty Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.