Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $36.20 Average PT from Analysts

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has earned a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $36.2045.

EPRT has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their target price for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Cantor Fitzgerald boosted their price objective on Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of Essential Properties Realty Trust stock in a transaction on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the completion of the sale, the chief operating officer directly owned 34,168 shares in the company, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth $618,000. Engineers Gate Manager LP grew its position in shares of Essential Properties Realty Trust by 742.5% during the 2nd quarter. Engineers Gate Manager LP now owns 69,083 shares of the company’s stock worth $2,062,000 after buying an additional 60,883 shares in the last quarter. Allworth Financial LP increased its stake in shares of Essential Properties Realty Trust by 5.3% during the second quarter. Allworth Financial LP now owns 20,599 shares of the company’s stock valued at $615,000 after buying an additional 1,035 shares during the period. Arizona State Retirement System increased its stake in shares of Essential Properties Realty Trust by 6.6% during the second quarter. Arizona State Retirement System now owns 58,036 shares of the company’s stock valued at $1,732,000 after buying an additional 3,594 shares during the period. Finally, Nykredit A S bought a new stake in shares of Essential Properties Realty Trust in the second quarter valued at about $88,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Down 4.1%

Shares of EPRT opened at $26.84 on Thursday. The company has a market cap of $5.80 billion, a PE ratio of 20.80, a P/E/G ratio of 2.26 and a beta of 0.85. The business has a fifty day moving average of $30.81 and a 200 day moving average of $31.22. Essential Properties Realty Trust has a 52-week low of $26.68 and a 52-week high of $34.73. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, sell-side analysts expect that Essential Properties Realty Trust will post 1.97 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 99.22%.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc (NYSE:EPRT) is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.