Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $33.00

Essential Properties Realty Trust (NYSE:EPRT) had its price target boosted by Mizuho from $32.00 to $33.00 in a research report report published on Wednesday, Marketbeat reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on EPRT. Stifel Nicolaus set a $36.00 price objective on Essential Properties Realty Trust in a research report on Thursday, October 23rd. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Berenberg Bank started coverage on shares of Essential Properties Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $36.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. Finally, Evercore ISI decreased their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.32.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $30.39 on Wednesday. The business’s 50-day moving average is $30.76 and its two-hundred day moving average is $30.87. The company has a market capitalization of $6.02 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.20 and a beta of 0.98. Essential Properties Realty Trust has a fifty-two week low of $27.44 and a fifty-two week high of $33.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. Research analysts predict that Essential Properties Realty Trust will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s payout ratio is presently 96.77%.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPRT. Hudson Bay Capital Management LP increased its stake in shares of Essential Properties Realty Trust by 18.9% during the third quarter. Hudson Bay Capital Management LP now owns 671,913 shares of the company’s stock worth $19,996,000 after purchasing an additional 106,783 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in Essential Properties Realty Trust by 2.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,187,088 shares of the company’s stock worth $35,328,000 after buying an additional 25,349 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in Essential Properties Realty Trust in the 3rd quarter worth about $267,000. Cambria Investment Management L.P. increased its stake in Essential Properties Realty Trust by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 18,340 shares of the company’s stock worth $546,000 after buying an additional 2,475 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Essential Properties Realty Trust by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 2,290,212 shares of the company’s stock valued at $68,157,000 after acquiring an additional 651,782 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.