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

Essential Properties Realty Trust (NYSE:EPRT) had its price target lowered by investment analysts at Mizuho from $34.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 11.57% from the stock’s current price.

EPRT has been the subject of a number of other research reports. Barclays cut their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Stifel Nicolaus lifted their target price on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Wells Fargo & Company upped their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $35.84.

Essential Properties Realty Trust Trading Up 0.4%

Shares of EPRT stock opened at $26.89 on Thursday. Essential Properties Realty Trust has a 1 year low of $26.68 and a 1 year high of $34.73. The firm’s fifty day simple moving average is $30.81 and its 200 day simple moving average is $31.22. The firm has a market capitalization of $5.82 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.85. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65.

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

Insider Activity

In other news, COO Robert M. Jenkins sold 22,000 shares of the business’s 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 sale, the chief operating officer owned 34,168 shares in the company, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPRT. BlackRock Inc. acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth approximately $1,183,153,000. Cohen & Steers Inc. grew 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 acquiring an additional 9,816,042 shares during the last quarter. Geode Capital Management LLC grew its position in Essential Properties Realty Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,240,401 shares of the company’s stock worth $155,452,000 after acquiring an additional 25,857 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Essential Properties Realty Trust by 4,681.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,997,593 shares of the company’s stock valued at $118,569,000 after purchasing an additional 3,913,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Essential Properties Realty Trust by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,101,020 shares of the company’s stock valued at $94,151,000 after purchasing an additional 184,196 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.