Wells Fargo & Company Boosts Essential Properties Realty Trust (NYSE:EPRT) Price Target to $36.00

Essential Properties Realty Trust (NYSE:EPRT) had its price target increased by analysts at Wells Fargo & Company from $35.00 to $36.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 19.40% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Evercore reaffirmed an “outperform” rating on shares of Essential Properties Realty Trust in a research note on Tuesday, February 17th. UBS Group upped their price target on shares of Essential Properties Realty Trust from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Stifel Nicolaus upped their price target on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Scotiabank lowered their price target on shares of Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $36.50.

Essential Properties Realty Trust Stock Performance

EPRT traded down $0.43 during trading on Monday, hitting $30.15. The stock had a trading volume of 315,299 shares, compared to its average volume of 2,020,841. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.12 and a current ratio of 5.12. The firm has a market capitalization of $6.52 billion, a P/E ratio of 23.74, a PEG ratio of 2.42 and a beta of 0.88. The company’s 50-day moving average price is $31.46 and its 200 day moving average price is $31.37. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million during the quarter, compared to analyst estimates of $151.87 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, equities research analysts forecast that Essential Properties Realty Trust will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 19,657 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $32.10, for a total value of $630,989.70. Following the sale, the vice president directly owned 76,525 shares of the company’s stock, valued at $2,456,452.50. This trade represents a 20.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Webb Salisbury sold 5,851 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $31.88, for a total value of $186,529.88. Following the completion of the sale, the chief financial officer directly owned 8,310 shares in the company, valued at $264,922.80. This represents a 41.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its position in Essential Properties Realty Trust by 111.6% in the fourth quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock worth $552,031,000 after buying an additional 9,816,042 shares during the period. State Street Corp increased its holdings in shares of Essential Properties Realty Trust by 8.2% during the second quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after purchasing an additional 843,877 shares during the period. Wellington Management Group LLP increased its holdings in shares of Essential Properties Realty Trust by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock valued at $232,670,000 after purchasing an additional 421,364 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Essential Properties Realty Trust by 1,930,360.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after purchasing an additional 6,736,959 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Essential Properties Realty Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,240,401 shares of the company’s stock valued at $155,452,000 after purchasing an additional 25,857 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

About Essential Properties Realty Trust

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.