Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $37.00 at Cantor Fitzgerald

Essential Properties Realty Trust (NYSE:EPRT) had its price objective upped by stock analysts at Cantor Fitzgerald from $36.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 15.24% from the stock’s current price.

Several other equities research analysts also recently weighed in on EPRT. Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Mizuho cut their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Barclays cut their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Buy” and an average target price of $36.20.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $32.11 on Wednesday. The firm has a market cap of $6.94 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.52 and a beta of 0.88. Essential Properties Realty Trust has a 52-week low of $28.95 and a 52-week high of $34.73. The business’s 50-day moving average price is $30.98 and its 200 day moving average price is $31.47. 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, topping analysts’ consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $156.65 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities research analysts expect that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Robert M. Jenkins sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in Essential Properties Realty Trust by 59.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock worth $112,812,000 after acquiring an additional 1,425,082 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Essential Properties Realty Trust by 14.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 975,355 shares of the company’s stock worth $29,051,000 after purchasing an additional 126,372 shares in the last quarter. Strs Ohio lifted its stake in Essential Properties Realty Trust by 28.0% in the 4th quarter. Strs Ohio now owns 719,600 shares of the company’s stock valued at $21,343,000 after buying an additional 157,600 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Essential Properties Realty Trust by 1,930,360.7% in 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 acquiring an additional 6,736,959 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in Essential Properties Realty Trust by 111.6% during the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock worth $552,031,000 after purchasing an additional 9,816,042 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

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.