Essential Properties Realty Trust (NYSE:EPRT) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Essential Properties Realty Trust (NYSE:EPRT) received a restated "buy" rating from Weiss Ratings, indicating a positive outlook on its stock.
• Several analysts have recently adjusted their price targets on EPRT, with a consensus target of $35.17 and a general rating of "Moderate Buy."
• The company reported a net margin of 44.48% and a year-over-year revenue increase of 25.4%, despite missing EPS estimates in its recent quarterly earnings.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report)'s stock had its "buy (b)" rating restated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

EPRT has been the subject of several other reports. UBS Group upped their price objective 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. Cantor Fitzgerald began coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, October 1st. They set an "overweight" rating and a $35.00 price objective for the company. Barclays lowered their price objective on shares of 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. Evercore ISI raised shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $34.00 to $36.00 in a research note on Monday, September 15th. Finally, Stifel Nicolaus lowered their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.17.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $29.24 on Wednesday. The company has a 50-day simple moving average of $30.30 and a two-hundred day simple moving average of $31.25. 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 12-month low of $27.44 and a 12-month high of $34.88. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.21 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted 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). Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The business had revenue of $129.11 million for the quarter, compared to analysts' expectations of $131.72 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The business's quarterly revenue was up 25.4% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, equities analysts forecast that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Essential Properties Realty Trust by 4.3% during the first quarter. KBC Group NV now owns 8,085 shares of the company's stock valued at $264,000 after purchasing an additional 335 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Essential Properties Realty Trust by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock valued at $352,000 after purchasing an additional 419 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of Essential Properties Realty Trust by 4.2% during the first quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock valued at $349,000 after purchasing an additional 426 shares in the last quarter. Virtus Investment Advisers LLC increased its stake in shares of Essential Properties Realty Trust by 11.5% during the second quarter. Virtus Investment Advisers LLC now owns 5,303 shares of the company's stock valued at $169,000 after purchasing an additional 549 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its stake in shares of Essential Properties Realty Trust by 3.2% during the second quarter. Fortis Capital Advisors LLC now owns 18,558 shares of the company's stock valued at $592,000 after purchasing an additional 572 shares in the last quarter. Institutional investors 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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