Essential Properties Realty Trust (NYSE:EPRT) Upgraded to "Outperform" at Evercore ISI

Key Points

• Essential Properties Realty Trust (NYSE:EPRT) was upgraded from an "in-line" rating to "outperform" by Evercore ISI, with a target price of $36.00, indicating a potential upside of 20.60% from the previous close.
• UBS Group also raised its target price for EPRT from $36.00 to $38.00, while Mizuho lowered it from $35.00 to $32.00, demonstrating mixed analyst sentiment around the stock.
• The company reported quarterly earnings with an EPS of $0.46, missing estimates by $0.01, but showed a 25.4% revenue increase year-over-year, signaling growth despite missing short-term expectations.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) was upgraded by research analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a report issued on Monday, Marketbeat.com reports. The firm presently has a $36.00 target price on the stock. Evercore ISI's price target indicates a potential upside of 20.60% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group increased their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Mizuho lowered their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Barclays lowered their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $35.25.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $29.85 on Monday. The company has a market capitalization of $5.91 billion, a PE ratio of 25.30, a PEG ratio of 2.32 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 company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The stock's fifty day simple moving average is $30.73 and its 200 day simple moving average is $31.50.

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

Institutional Investors Weigh In On Essential Properties Realty Trust

Several hedge funds have recently bought and sold shares of the company. KBC Group NV lifted its stake in Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock valued at $264,000 after purchasing an additional 335 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Essential Properties Realty Trust by 4.0% in the 1st 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 during the last quarter. Cresset Asset Management LLC lifted its stake in Essential Properties Realty Trust by 4.2% in the 1st 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 during the last quarter. Virtus Investment Advisers LLC lifted its stake in Essential Properties Realty Trust by 11.5% in the 2nd 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 during the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in Essential Properties Realty Trust by 3.2% in the 2nd 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 during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.

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.