Essential Properties Realty Trust (NYSE:EPRT) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Key Points

• Essential Properties Realty Trust has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, indicating positive sentiment from analysts.
• UBS Group increased its target price for the stock to $38.00, while other firms adjusted their price targets, revealing a consensus rating of "Moderate Buy" with an average target of $35.17.
• The company reported a quarterly earnings miss with an EPS of $0.46, slightly below the consensus estimate of $0.47, but saw a revenue increase of 25.4% year-over-year.

Analysts at Cantor Fitzgerald began coverage on shares of Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) in a report issued on Wednesday, MarketBeat.com reports. The firm set an "overweight" rating and a $35.00 price target on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 16.89% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Evercore ISI raised shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and raised their target price for the company from $34.00 to $36.00 in a research note on Monday, September 15th. Stifel Nicolaus cut their price target on Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. UBS Group lifted their price objective on 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. Mizuho dropped their target price 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. Finally, Barclays cut their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued 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 a consensus price target of $35.17.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $29.94 on Wednesday. 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 capitalization of $5.93 billion, a P/E ratio of 25.38, a P/E/G ratio of 2.25 and a beta of 1.12. 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 business has a fifty day simple moving average of $30.42 and a two-hundred day simple moving average of $31.33.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued 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 return on equity of 6.20% and a net margin of 44.48%.The business had revenue of $129.11 million during the quarter, compared to the consensus estimate of $131.72 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm's revenue was up 25.4% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EPRT. Texas Permanent School Fund Corp boosted its position 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 valued at $2,586,000 after buying an additional 5,348 shares during the last quarter. Hudson Bay Capital Management LP raised its position 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 worth $18,033,000 after buying an additional 284,502 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Essential Properties Realty Trust by 13.1% during 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 lifted its stake in Essential Properties Realty Trust by 13.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,529 shares of the company's stock valued at $275,000 after acquiring an additional 1,018 shares during the period. Finally, Headlands Technologies LLC boosted its holdings 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 valued at $232,000 after acquiring an additional 4,808 shares during the last quarter. 96.98% of the stock is owned by institutional investors.

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.