Essential Properties Realty Trust (NYSE:EPRT) Stock Price Target Lowered at Wells Fargo & Company

Essential Properties Realty Trust (NYSE:EPRT) had its price objective dropped by equities researchers at Wells Fargo & Company from $36.00 to $30.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 18.03% from the company’s previous close.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Scotiabank reduced their price target on shares of Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Mizuho lowered their price objective on shares of Essential Properties Realty Trust from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Truist Financial assumed coverage on shares of Essential Properties Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $31.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $34.42.

Essential Properties Realty Trust Trading Down 2.6%

Shares of NYSE EPRT traded down $0.67 during midday trading on Monday, hitting $25.42. The company’s stock had a trading volume of 449,290 shares, compared to its average volume of 2,054,516. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $28.29 and its two-hundred day moving average is $30.18. Essential Properties Realty Trust has a 12-month low of $24.62 and a 12-month high of $34.73. The firm has a market cap of $5.50 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. During the same period last year, the company earned $0.46 EPS. Essential Properties Realty Trust’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, equities research analysts expect 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 stock in a transaction on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the transaction, the chief operating officer owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.77% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Essential Properties Realty Trust during the 2nd quarter worth about $1,183,153,000. Bank of America Corp DE bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $52,056,000. Bank of New York Mellon Corp bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $51,164,000. Legal & General Group Plc purchased a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $39,459,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Essential Properties Realty Trust by 14,648.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,263,798 shares of the company’s stock worth $37,724,000 after purchasing an additional 1,255,229 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties. The company generally leases its properties to businesses under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Essential Properties focuses primarily on service-oriented and experience-based businesses, including automotive services, health and fitness, medical and dental services, restaurants, early childhood education and other businesses that are often less suited to traditional retail real estate.