Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $33.00 at Mizuho

Essential Properties Realty Trust (NYSE:EPRT) had its price target lifted by Mizuho from $32.00 to $33.00 in a research note released on Wednesday, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on EPRT. Scotiabank upped their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 25th. Berenberg Bank began coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $36.00 price objective for the company. Stifel Nicolaus set a $36.00 target price on Essential Properties Realty Trust in a research note on Thursday, October 23rd. Evercore ISI decreased their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Cantor Fitzgerald upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $35.32.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $30.53 on Wednesday. Essential Properties Realty Trust has a 52 week low of $27.44 and a 52 week high of $33.35. The firm has a market capitalization of $6.05 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a fifty day simple moving average of $30.72 and a two-hundred day simple moving average of $30.89. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.68.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The firm had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $140.42 million. During the same period in the prior year, the company earned $0.43 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. Analysts anticipate that Essential Properties Realty Trust will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.31 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.24 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust’s payout ratio is 96.77%.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Essential Properties Realty Trust during the second quarter valued at approximately $84,188,000. Balyasny Asset Management L.P. boosted its position in Essential Properties Realty Trust by 195.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock valued at $118,171,000 after acquiring an additional 2,626,478 shares in the last quarter. Barclays PLC increased its holdings in shares of Essential Properties Realty Trust by 168.5% in the 3rd quarter. Barclays PLC now owns 2,212,137 shares of the company’s stock valued at $65,833,000 after acquiring an additional 1,388,289 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter worth $37,828,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Essential Properties Realty Trust by 66.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock worth $96,613,000 after purchasing an additional 1,178,238 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

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.