Essential Properties Realty Trust (NYSE:EPRT) Coverage Initiated at Berenberg Bank

Key Points

• Berenberg Bank initiated coverage on Essential Properties Realty Trust (NYSE:EPRT) with a "buy" rating and a price target of $36.00, indicating a potential upside of 21.64% from its previous close.
• Consensus among analysts currently suggests a "Moderate Buy" rating for EPRT, with an average target price of $35.23 based on 11 buy ratings and 2 hold ratings.
• In its latest earnings report, Essential Properties Realty Trust revealed earnings per share (EPS) of $0.46, slightly missing the consensus estimate of $0.47, with revenue growing by 25.4% year-over-year.

Investment analysts at Berenberg Bank started coverage on shares of Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The firm set a "buy" rating and a $36.00 price target on the stock. Berenberg Bank's target price would suggest a potential upside of 21.64% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Barclays reduced their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Stifel Nicolaus reduced their target price on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating for the company in a research report on Wednesday, September 17th. 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 report on Friday, August 15th. Evercore ISI raised Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $34.00 to $36.00 in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Essential Properties Realty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $35.23.

Essential Properties Realty Trust Trading Up 1.4%

EPRT stock opened at $29.60 on Monday. The company has a fifty day moving average price of $30.23 and a two-hundred day moving average price of $31.17. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. Essential Properties Realty Trust has a one year low of $27.44 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $129.11 million during 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 company's revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Equities analysts anticipate that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lifestyle Asset Management Inc. raised its stake in Essential Properties Realty Trust by 46.1% during the third quarter. Lifestyle Asset Management Inc. now owns 12,539 shares of the company's stock worth $373,000 after acquiring an additional 3,959 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth about $277,000. Texas Permanent School Fund Corp grew its holdings in shares of Essential Properties Realty Trust by 7.1% during the second quarter. Texas Permanent School Fund Corp now owns 81,047 shares of the company's stock worth $2,586,000 after purchasing an additional 5,348 shares during the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Essential Properties Realty Trust by 101.4% during the second quarter. Hudson Bay Capital Management LP now owns 565,130 shares of the company's stock worth $18,033,000 after purchasing an additional 284,502 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Essential Properties Realty Trust by 13.1% during the second quarter. Public Sector Pension Investment Board now owns 673,401 shares of the company's stock worth $21,488,000 after purchasing an additional 78,133 shares during the last quarter. 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.