Recent Analysts’ Ratings Changes for Essential Properties Realty Trust (EPRT)

Essential Properties Realty Trust (NYSE: EPRT) has recently received a number of price target changes and ratings updates:

• 10/11/2024 – Essential Properties Realty Trust had its price target raised by analysts at Scotiabank from $30.00 to $32.00. They now have a “sector perform” rating on the stock.
• 10/3/2024 – Essential Properties Realty Trust had its price target raised by analysts at Truist Financial Co. from $33.00 to $36.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Essential Properties Realty Trust had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $37.00 price target on the stock, up previously from $34.00.
• 9/26/2024 – Essential Properties Realty Trust had its price target raised by analysts at Stifel Nicolaus from $32.00 to $36.25. They now have a “buy” rating on the stock.
• 9/16/2024 – Essential Properties Realty Trust had its price target raised by analysts at Evercore ISI from $33.00 to $34.00. They now have an “in-line” rating on the stock.
• 8/28/2024 – Essential Properties Realty Trust had its price target raised by analysts at Evercore ISI from $32.00 to $33.00. They now have an “in-line” rating on the stock.
• 8/26/2024 – Essential Properties Realty Trust had its price target raised by analysts at Wells Fargo & Company from $31.00 to $34.00. They now have an “overweight” rating on the stock.
• 8/21/2024 – Essential Properties Realty Trust had its price target raised by analysts at Raymond James from $28.00 to $33.00. They now have an “outperform” rating on the stock.
• 8/19/2024 – Essential Properties Realty Trust is now covered by analysts at Wedbush. They set an “outperform” rating and a $34.00 price target on the stock.

Essential Properties Realty Trust Trading Up 1.2 %

Shares of EPRT traded up $0.38 during mid-day trading on Monday, reaching $32.89. 180,484 shares of the company’s stock traded hands, compared to its average volume of 1,356,769. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The stock’s 50-day moving average is $31.91 and its two-hundred day moving average is $29.01. Essential Properties Realty Trust, Inc. has a 12 month low of $20.49 and a 12 month high of $34.51. The stock has a market cap of $5.77 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The business had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.29 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 3.53%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 94.31%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EPRT. Daiwa Securities Group Inc. increased its stake in Essential Properties Realty Trust by 409.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 241,386 shares of the company’s stock valued at $6,435,000 after purchasing an additional 193,979 shares in the last quarter. Vanguard Group Inc. grew its stake in Essential Properties Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock valued at $676,561,000 after purchasing an additional 1,060,079 shares during the last quarter. Hazelview Securities Inc. raised its stake in shares of Essential Properties Realty Trust by 112.9% in the first quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock worth $22,731,000 after purchasing an additional 460,065 shares during the last quarter. Nordea Investment Management AB boosted its position in Essential Properties Realty Trust by 51.0% in the first quarter. Nordea Investment Management AB now owns 281,275 shares of the company’s stock valued at $7,530,000 after buying an additional 94,970 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Essential Properties Realty Trust by 298.0% in the 1st quarter. SG Americas Securities LLC now owns 64,417 shares of the company’s stock worth $1,717,000 after buying an additional 48,231 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.