Essential Properties Realty Trust (NYSE:EPRT) Price Target Cut to $37.00 by Analysts at Barclays

Essential Properties Realty Trust (NYSE:EPRT) had its price target cut by Barclays from $40.00 to $37.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Scotiabank raised shares of 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 report on Thursday, June 18th. Wells Fargo & Company increased their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Mizuho decreased their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $36.14.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $32.70 on Wednesday. Essential Properties Realty Trust has a 12 month low of $28.95 and a 12 month high of $34.73. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.62 and a beta of 0.88. The company’s 50 day moving average is $30.86 and its two-hundred day moving average is $31.40. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The firm had revenue of $158.80 million during the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, research analysts anticipate that Essential Properties Realty Trust will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.9%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 100.79%.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of EPRT. EverSource Wealth Advisors LLC increased its holdings in Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the last quarter. First Horizon Corp lifted its stake in Essential Properties Realty Trust by 146.9% in the 4th quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after purchasing an additional 673 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Essential Properties Realty Trust by 47.8% during the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after purchasing an additional 433 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Essential Properties Realty Trust by 664.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Essential Properties Realty Trust by 273.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock valued at $48,000 after purchasing an additional 1,182 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust News Roundup

Here are the key news stories impacting Essential Properties Realty Trust this week:

• Positive Sentiment: Essential Properties Realty Trust reported second-quarter EPS of $0.34, beating the $0.33 consensus estimate, while revenue of $161.89 million also topped expectations.
• Positive Sentiment: The company said quarterly FFO came in at $0.50 per share, in line with analyst estimates and above the $0.46 per share reported a year ago. Article: Essential Properties (EPRT) Matches Q2 FFO Estimates
• Positive Sentiment: Management raised FY 2026 EPS guidance to $2.01-$2.05, above the prior market expectation of $1.97, which suggests improved confidence in full-year results.
• Neutral Sentiment: Analyst commentary remained constructive overall, with EPRT still carrying a consensus “Buy” rating despite some mixed coverage around the earnings release.
• Negative Sentiment: One report noted that core FFO topped consensus but revenue missed estimates, highlighting that the quarter was not uniformly strong across all metrics. Article: Essential Properties Q2 core FFO tops consensus, but revenue misses
• Negative Sentiment: Barclays lowered its price target on EPRT from $40 to $37, even while maintaining an overweight rating, which may temper some bullish enthusiasm.

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.