Mizuho Cuts Essential Properties Realty Trust (NYSE:EPRT) Price Target to $30.00

Essential Properties Realty Trust (NYSE:EPRT) had its price objective trimmed by Mizuho from $34.00 to $30.00 in a research note released on Thursday, Marketbeat reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of 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 report on Saturday, September 5th. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Cantor Fitzgerald boosted their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus increased their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $35.84.

Essential Properties Realty Trust Trading Down 0.4%

Essential Properties Realty Trust stock opened at $26.70 on Thursday. The stock has a market cap of $5.77 billion, a P/E ratio of 20.70, a PEG ratio of 2.16 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. Essential Properties Realty Trust has a 1 year low of $26.47 and a 1 year high of $34.73. The firm’s 50 day moving average price is $30.63 and its 200-day moving average price is $31.14.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. Essential Properties Realty Trust’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities analysts predict that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

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

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of Essential Properties Realty Trust stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at $1,100,892.96. This trade represents a 39.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanderbilt University grew its position in Essential Properties Realty Trust by 0.9% in the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock worth $1,095,000 after acquiring an additional 315 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Assetmark Inc. lifted its stake in shares of Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after purchasing an additional 433 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Essential Properties Realty Trust by 21.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock valued at $82,000 after purchasing an additional 478 shares during the last quarter. Finally, GSI Capital Advisors LLC boosted its holdings in shares of Essential Properties Realty Trust by 0.3% in the 4th quarter. GSI Capital Advisors LLC now owns 147,682 shares of the company’s stock worth $4,380,000 after purchasing an additional 510 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

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.