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Recommendations
Essential Properties price target lowered to $27.25 from $27.75 at Stifel » 08:58
04/27/23
04/27
08:58
04/27/23
08:58
EPRT

Essential Properties Realty Trust

$23.86 /

-0.105 (-0.44%)

Stifel analyst Simon…

Stifel analyst Simon Yarmak lowered the firm's price target on Essential Properties Realty Trust to $27.25 from $27.75 and keeps a Buy rating on the shares after reporting Q1 results. Essential Properties Realty Trust's AFFO and Core FFO were in line with the firm's estimates and above Street consensus, the analyst tells investors. Stifel believes the company's business model "still works."

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EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

03/23/23 Ladenburg
Essential Properties price target lowered to $27 from $28 at Ladenburg
03/09/23 Mizuho
Essential Properties Realty Trust price target raised to $27 from $26 at Mizuho
02/27/23 Truist
Essential Properties Realty Trust price target raised to $29 from $27 at Truist
02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

  • 17
    Feb
  • 02
    Aug
Earnings
Essential Properties Realty updates FY23 AFFO view $1.60-$1.64 from $1.58-$1.64  16:25
04/26/23
04/26
16:25
04/26/23
16:25
EPRT

Essential Properties Realty Trust

$23.86 /

-0.105 (-0.44%)

Consensus $1.64.

ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

03/23/23 Ladenburg
Essential Properties price target lowered to $27 from $28 at Ladenburg
03/09/23 Mizuho
Essential Properties Realty Trust price target raised to $27 from $26 at Mizuho
02/27/23 Truist
Essential Properties Realty Trust price target raised to $29 from $27 at Truist
02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

  • 17
    Feb
  • 02
    Aug
Earnings
Essential Properties Realty Trust reports Q1 FFO 40c, consensus 40c » 16:23
04/26/23
04/26
16:23
04/26/23
16:23
EPRT

Essential Properties Realty Trust

$23.86 /

-0.105 (-0.44%)

Reports Q1 revenue…

Reports Q1 revenue $83.687M, consensus $78.55M. Commenting on the first quarter 2023 results, the Company's President and Chief Executive Officer, Pete Mavoides, said, "We had a great quarter, highlighted by $207 million of investments at a weighted average cash cap rate of 7.6%, a weighted average lease term of 19 years and average annual rent escalations of 2.0%." Mr. Mavoides continued, "The first quarter was also a great quarter of performance from a portfolio perspective, with occupancy remaining strong at 99.8%, same-store rent growth remaining at 1.6% and average unit level rent coverage at 3.9x. These results are strong indicators of the stability of our middle market tenancy and the overall health of our portfolio." Mr. Mavoides concluded by saying, "Supported by our strong liquidity position, conservative balance sheet and a robust second quarter investment pipeline, we are refining our 2023 AFFO per share guidance range to $1.60 to $1.64."

ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

03/23/23 Ladenburg
Essential Properties price target lowered to $27 from $28 at Ladenburg
03/09/23 Mizuho
Essential Properties Realty Trust price target raised to $27 from $26 at Mizuho
02/27/23 Truist
Essential Properties Realty Trust price target raised to $29 from $27 at Truist
02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
EPRT Essential Properties Realty Trust
$23.86 /

-0.105 (-0.44%)

  • 17
    Feb
  • 02
    Aug
Recommendations
Essential Properties price target lowered to $27 from $28 at Ladenburg » 12:38
03/23/23
03/23
12:38
03/23/23
12:38
EPRT

Essential Properties Realty Trust

$23.49 /

+0.255 (+1.10%)

Ladenburg analyst John…

Ladenburg analyst John Massocca lowered the firm's price target on Essential Properties Realty Trust to $27 from $28 and keeps a Buy rating on the shares. The analyst says the company is well positioned for "solid" external and bottom-line growth, even if the macro and/or capital markets environment remains highly uncertain.

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EPRT Essential Properties Realty Trust
$23.49 /

+0.255 (+1.10%)

EPRT Essential Properties Realty Trust
$23.49 /

+0.255 (+1.10%)

03/09/23 Mizuho
Essential Properties Realty Trust price target raised to $27 from $26 at Mizuho
02/27/23 Truist
Essential Properties Realty Trust price target raised to $29 from $27 at Truist
02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
EPRT Essential Properties Realty Trust
$23.49 /

+0.255 (+1.10%)

  • 17
    Feb
  • 02
    Aug
Recommendations
Essential Properties Realty Trust price target raised to $27 from $26 at Mizuho » 06:43
03/09/23
03/09
06:43
03/09/23
06:43
EPRT

Essential Properties Realty Trust

$25.40 /

-0.025 (-0.10%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste raised the firm's price target on Essential Properties Realty Trust to $27 from $26 and keeps a Buy rating on the shares. The analyst expects several macro challenges, including inflation, financing costs and tenant credit, to persist and limit transaction activity near-term.

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EPRT Essential Properties Realty Trust
$25.40 /

-0.025 (-0.10%)

EPRT Essential Properties Realty Trust
$25.40 /

-0.025 (-0.10%)

02/27/23 Truist
Essential Properties Realty Trust price target raised to $29 from $27 at Truist
02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
EPRT Essential Properties Realty Trust
$25.40 /

-0.025 (-0.10%)

  • 17
    Feb
  • 02
    Aug
Over a quarter ago
Recommendations
Essential Properties Realty Trust price target raised to $29 from $27 at Truist » 10:29
02/27/23
02/27
10:29
02/27/23
10:29
EPRT

Essential Properties Realty Trust

$26.19 /

+0.365 (+1.41%)

Truist analyst Ki Bin Kim…

Truist analyst Ki Bin Kim raised the firm's price target on Essential Properties Realty Trust to $29 from $27 and keeps a Buy rating on the shares after increasing the firm's 2023 and 2024 AFFO per share estimates to account for strong volume in Q4 and late timing on those executions.

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EPRT Essential Properties Realty Trust
$26.19 /

+0.365 (+1.41%)

EPRT Essential Properties Realty Trust
$26.19 /

+0.365 (+1.41%)

02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
10/13/22 Mizuho
Essential Properties Realty Trust upgraded to Buy from Neutral at Mizuho
EPRT Essential Properties Realty Trust
$26.19 /

+0.365 (+1.41%)

  • 17
    Feb
  • 02
    Aug
Syndicate
Essential Properties Realty Trust 7.7M share Spot Secondary priced at $24.60 » 06:54
02/17/23
02/17
06:54
02/17/23
06:54
EPRT

Essential Properties Realty Trust

$25.41 /

+0.44 (+1.76%)

The deal size was raised…

The deal size was raised to 7.7M shares of common stock from 7M shares of common stock and the range was $24.40-$25.15. BofA, Citi and Wells Fargo acted as joint book running managers for the offering.

ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
10/13/22 Mizuho
Essential Properties Realty Trust upgraded to Buy from Neutral at Mizuho
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

  • 17
    Feb
  • 02
    Aug
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

Syndicate
Essential Properties announces offering of 7M shares of common stock » 16:21
02/16/23
02/16
16:21
02/16/23
16:21
EPRT

Essential Properties Realty Trust

$25.41 /

+0.44 (+1.76%)

Essential Properties…

Essential Properties Realty Trust announced that it has commenced an underwritten public offering of 7M shares of its common stock on a forward basis. In connection with the offering of the common stock, the company expects to enter into forward sale agreements with BofA Securities, Citigroup and Wells Fargo Securities, with respect to 7M shares of the company's common stock. The company will not receive any proceeds from the sale of shares of its common stock by the forward purchasers. The company intends to contribute any net proceeds from the offering upon the settlement of the forward sale agreement to the company's operating partnership in exchange for OP Units, and the operating partnership intends to use such net proceeds for general corporate purposes, including potential future investments. BofA Securities, Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering.

ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

02/16/23 Stifel
Essential Properties price target raised to $26.50 from $26.25 at Stifel
12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
10/13/22 Mizuho
Essential Properties Realty Trust upgraded to Buy from Neutral at Mizuho
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

  • 02
    Aug
EPRT Essential Properties Realty Trust
$25.41 /

+0.44 (+1.76%)

Recommendations
Essential Properties price target raised to $26.50 from $26.25 at Stifel » 10:04
02/16/23
02/16
10:04
02/16/23
10:04
EPRT

Essential Properties Realty Trust

$24.59 /

-0.38 (-1.52%)

Stifel analyst Simon…

Stifel analyst Simon Yarmak raised the firm's price target on Essential Properties Realty Trust to $26.50 from $26.25 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$24.59 /

-0.38 (-1.52%)

EPRT Essential Properties Realty Trust
$24.59 /

-0.38 (-1.52%)

12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
10/13/22 Mizuho
Essential Properties Realty Trust upgraded to Buy from Neutral at Mizuho
09/27/22 Evercore ISI
Essential Properties Realty Trust price target lowered to $24 from $26 at Evercore ISI
EPRT Essential Properties Realty Trust
$24.59 /

-0.38 (-1.52%)

  • 02
    Aug
EPRT Essential Properties Realty Trust
$24.59 /

-0.38 (-1.52%)

Earnings
Essential Properties backs FY23 AFFO view $1.58-$1.64, consensus $1.63  16:09
02/15/23
02/15
16:09
02/15/23
16:09
EPRT

Essential Properties Realty Trust

$24.97 /

+0.32 (+1.30%)

 
ShowHide Related Items >><<
EPRT Essential Properties Realty Trust
$24.97 /

+0.32 (+1.30%)

EPRT Essential Properties Realty Trust
$24.97 /

+0.32 (+1.30%)

12/08/22 Mizuho
Essential Properties Realty Trust price target raised to $25 from $21 at Mizuho
11/11/22 Truist
Essential Properties price target lowered to $25 from $28 at Truist
10/13/22 Mizuho
Essential Properties Realty Trust upgraded to Buy from Neutral at Mizuho
09/27/22 Evercore ISI
Essential Properties Realty Trust price target lowered to $24 from $26 at Evercore ISI
EPRT Essential Properties Realty Trust
$24.97 /

+0.32 (+1.30%)

  • 02
    Aug
EPRT Essential Properties Realty Trust
$24.97 /

+0.32 (+1.30%)

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