Essential Properties Realty Trust (NYSE:EPRT) Price Target Lowered to $30.00 at Scotiabank

Essential Properties Realty Trust (NYSE:EPRT) had its price target decreased by equities researchers at Scotiabank from $33.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 11.62% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings lowered shares of Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. Mizuho decreased their price objective on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. Evercore reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Monday. Finally, Wall Street Zen raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $35.75.

Essential Properties Realty Trust Stock Down 0.6%

EPRT stock opened at $26.88 on Thursday. Essential Properties Realty Trust has a 1-year low of $26.47 and a 1-year high of $34.73. The business has a fifty day moving average price of $30.37 and a 200-day moving average price of $30.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The stock has a market capitalization of $5.81 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.19 and a beta of 0.85.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data 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 return on equity of 6.34% and a net margin of 43.51%.The company had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. During the same period last year, the firm posted $0.46 earnings per share. Essential Properties Realty Trust’s 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. Equities analysts forecast that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were 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 owned 34,168 shares of the company’s stock, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently bought and sold shares of EPRT. BlackRock Inc. purchased a new position in Essential Properties Realty Trust during the second quarter valued at $1,183,153,000. 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 in the last quarter. Daiwa Securities Group Inc. increased its position in Essential Properties Realty Trust by 4,681.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,997,593 shares of the company’s stock worth $118,569,000 after buying an additional 3,913,986 shares in the last quarter. Norges Bank bought a new position in shares of Essential Properties Realty Trust in the fourth quarter worth about $68,467,000. Finally, Bank of America Corp DE bought a new position in shares of Essential Properties Realty Trust in the second quarter worth about $52,056,000. 96.98% of the stock is owned by institutional investors.

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.