Essential Properties Realty Trust (EPRT) Stock Forecast, Price Target & Predictions
EPRT Stock Forecast
Essential Properties Realty Trust stock forecast is as follows: an average price target of $30.86 (represents a -6.94% downside from EPRT’s last price of $33.16) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
EPRT Price Target
The average price target for Essential Properties Realty Trust (EPRT) is $30.86 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $34.00 to $27.50. This represents a potential -6.94% downside from EPRT's last price of $33.16.
EPRT Analyst Ratings
According to 10 Wall Street analysts, Essential Properties Realty Trust's rating consensus is 'Buy'. The analyst rating breakdown for EPRT stock is 0 'Strong Buy' (0.00%), 8 'Buy' (80.00%), 2 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Essential Properties Realty Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | James Kammert | Evercore ISI | $34.00 | $32.91 | 3.31% | 2.53% |
| Aug 19, 2024 | Jay Kornreich | Wedbush | $34.00 | $29.93 | 13.60% | 2.53% |
| Jun 28, 2024 | Caitlin Burrows | Goldman Sachs | $33.00 | $27.58 | 19.65% | -0.48% |
| May 31, 2024 | Mike Goldsmith | UBS | $30.00 | $26.45 | 13.42% | -9.53% |
| May 29, 2024 | Greg McGinniss | Scotiabank | $28.00 | $26.37 | 6.18% | -15.56% |
| Apr 29, 2024 | John Massocca | B.Riley Financial | $29.50 | $26.31 | 12.12% | -11.04% |
| Mar 18, 2024 | Simon Yarmak | Stifel Nicolaus | $27.50 | $25.41 | 8.23% | -17.07% |
| Jun 23, 2021 | Simon Yarmak | Stifel Nicolaus | $29.50 | $26.37 | 11.87% | -11.04% |
| May 04, 2021 | Caitlin Burrows | Goldman Sachs | $29.00 | $24.97 | 16.14% | -12.55% |
The latest Essential Properties Realty Trust stock forecast, released on Sep 16, 2024 by James Kammert from Evercore ISI, set a price target of $34.00, which represents a 3.31% increase from the stock price at the time of the forecast ($32.91), and a 2.53% increase from EPRT last price ($33.16).
Essential Properties Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 7 |
| Avg Price Target | $34.00 | $33.67 | $30.86 |
| Last Closing Price | $33.16 | $33.16 | $33.16 |
| Upside/Downside | 2.53% | 1.54% | -6.94% |
In the current month, the average price target of Essential Properties Realty Trust stock is $34.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 2.53% increase as opposed to Essential Properties Realty Trust's last price of $33.16. This month's average price target is up 0.98% compared to last quarter, and up 10.17% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Aug 21, 2024 | Raymond James | Outperform | Outperform | Hold |
| Aug 19, 2024 | Wedbush | - | Outperform | Initialise |
| Aug 07, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Jun 28, 2024 | Goldman Sachs | - | Buy | Initialise |
| May 31, 2024 | UBS | - | Buy | Initialise |
| May 29, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Mar 21, 2024 | Citigroup | - | Buy | Upgrade |
| Feb 13, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
| Feb 13, 2024 | Raymond James | Buy | Buy | Hold |
Essential Properties Realty Trust's last stock rating was published by Evercore ISI on Sep 16, 2024. The company gave EPRT a "Positive" rating, the same as its previous rate.
Essential Properties Realty Trust Financial Forecast
Essential Properties Realty Trust Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $97.73M | $91.66M | $86.52M | $83.69M | $74.28M | $70.66M | - | $70.12M | $65.02M | $59.60M | $57.07M | $48.55M | $41.11M | $42.91M |
| Avg Forecast | $108.95M | $108.60M | $108.27M | $107.87M | $167.42M | $160.75M | $152.76M | $148.24M | $133.36M | $128.93M | $125.06M | $120.34M | $114.05M | $109.67M | $102.99M | $96.91M | $90.20M | $85.58M | $81.38M | $75.15M | $70.77M | $69.89M | $69.29M | $63.69M | $58.28M | $54.04M | $48.40M | $43.63M | $42.89M | $38.61M |
| High Forecast | $113.21M | $112.85M | $112.50M | $112.09M | $173.96M | $167.03M | $158.73M | $154.03M | $138.57M | $133.97M | $129.94M | $125.05M | $118.50M | $112.29M | $107.01M | $100.69M | $92.43M | $89.17M | $84.56M | $78.08M | $73.53M | $72.62M | $69.29M | $64.96M | $59.44M | $55.12M | $49.37M | $44.50M | $43.75M | $39.38M |
| Low Forecast | $104.24M | $103.91M | $103.59M | $103.21M | $160.18M | $153.80M | $146.16M | $141.83M | $127.59M | $123.36M | $119.65M | $115.14M | $109.12M | $105.56M | $98.54M | $92.72M | $87.27M | $82.48M | $77.86M | $71.90M | $67.71M | $66.87M | $69.29M | $62.07M | $56.79M | $52.67M | $47.17M | $42.52M | $41.80M | $37.63M |
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 11 | 12 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.07% | 1.06% | 1.11% | 1.05% | 1.01% | - | 1.10% | 1.12% | 1.10% | 1.18% | 1.11% | 0.96% | 1.11% |
Essential Properties Realty Trust's average Quarter revenue forecast for Mar 24 based on 2 analysts is $96.91M, with a low forecast of $92.72M, and a high forecast of $100.69M. EPRT's average Quarter revenue forecast represents a -0.84% decrease compared to the company's last Quarter revenue of $97.73M (Dec 23).
Essential Properties Realty Trust EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 11 | 12 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $89.69M | $59.66M | $78.23M | $74.93M | $69.06M | $62.93M | - | $61.19M | $58.01M | $54.37M | $48.39M | $38.69M | $32.36M | $33.45M |
| Avg Forecast | $94.26M | $93.96M | $93.67M | $93.33M | $144.84M | $139.07M | $132.16M | $128.25M | $115.37M | $111.54M | $108.19M | $104.11M | $98.67M | $94.88M | $89.10M | $68.33M | $78.03M | $74.04M | $70.40M | $62.12M | $61.23M | $59.26M | $59.95M | $56.47M | $54.52M | $53.87M | $41.89M | $28.13M | $37.11M | $33.94M |
| High Forecast | $97.94M | $97.63M | $97.33M | $96.97M | $150.50M | $144.50M | $137.32M | $133.26M | $119.88M | $115.90M | $112.42M | $108.18M | $102.52M | $97.14M | $92.58M | $82.00M | $79.96M | $77.15M | $73.15M | $74.54M | $63.62M | $71.11M | $59.95M | $67.77M | $65.42M | $64.65M | $50.27M | $33.75M | $37.85M | $40.72M |
| Low Forecast | $90.18M | $89.90M | $89.62M | $89.29M | $138.58M | $133.06M | $126.45M | $122.70M | $110.39M | $106.72M | $103.52M | $99.61M | $94.40M | $91.32M | $85.25M | $54.67M | $75.50M | $71.36M | $67.36M | $49.70M | $58.58M | $47.41M | $59.95M | $45.18M | $43.62M | $43.10M | $33.52M | $22.50M | $36.16M | $27.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 0.81% | 1.11% | 1.21% | 1.13% | 1.06% | - | 1.08% | 1.06% | 1.01% | 1.16% | 1.38% | 0.87% | 0.99% |
2 analysts predict EPRT's average Quarter EBITDA for Mar 24 to be $68.33M, with a high of $82.00M and a low of $54.67M. This is -23.81% lower than Essential Properties Realty Trust's previous annual EBITDA (Dec 23) of $89.69M.
Essential Properties Realty Trust Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 11 | 12 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $49.09M | $45.91M | $52.80M | $42.90M | $35.35M | $36.43M | - | $26.70M | $29.79M | $27.51M | $23.28M | $15.29M | $5.67M | $12.26M |
| Avg Forecast | - | - | - | - | $57.22M | $58.40M | $55.09M | $54.09M | $54.62M | $54.81M | $54.22M | $52.46M | $54.62M | $54.16M | $51.85M | $32.31M | $47.95M | $47.06M | $46.17M | $29.37M | $39.07M | $30.26M | $43.90M | $26.70M | $27.95M | $27.51M | $20.18M | $11.12M | $8.51M | $12.26M |
| High Forecast | - | - | - | - | $60.12M | $61.37M | $57.89M | $56.84M | $57.40M | $57.60M | $56.97M | $55.13M | $57.40M | $55.39M | $54.48M | $38.77M | $50.38M | $48.87M | $48.52M | $35.24M | $41.05M | $36.31M | $43.90M | $32.04M | $33.53M | $33.01M | $24.22M | $13.35M | $10.21M | $14.72M |
| Low Forecast | - | - | - | - | $54.00M | $55.12M | $52.00M | $51.05M | $51.55M | $51.73M | $51.17M | $49.51M | $51.55M | $52.93M | $48.94M | $25.84M | $45.25M | $44.42M | $43.58M | $23.50M | $36.87M | $24.21M | $43.90M | $21.36M | $22.36M | $22.01M | $16.14M | $8.90M | $6.80M | $9.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.98% | 1.14% | 1.46% | 0.90% | 1.20% | - | 1.00% | 1.07% | 1.00% | 1.15% | 1.38% | 0.67% | 1.00% |
Essential Properties Realty Trust's average Quarter net income forecast for Mar 24 is $32.31M, with a range of $25.84M to $38.77M. EPRT's average Quarter net income forecast represents a -34.20% decrease compared to the company's last Quarter net income of $49.09M (Dec 23).
Essential Properties Realty Trust SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 11 | 12 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.33M | $7.17M | $7.58M | $8.58M | $6.51M | $7.87M | - | $8.06M | $5.83M | $5.60M | $6.47M | $6.43M | $4.74M | $5.92M |
| Avg Forecast | $13.05M | $13.01M | $12.97M | $12.92M | $20.05M | $19.25M | $18.30M | $17.76M | $15.97M | $15.44M | $14.98M | $14.41M | $13.66M | $13.14M | $12.34M | $9.76M | $10.80M | $10.25M | $9.75M | $8.87M | $8.48M | $6.16M | $8.30M | $8.06M | $5.50M | $5.60M | $5.61M | $4.68M | $7.11M | $5.92M |
| High Forecast | $13.56M | $13.52M | $13.48M | $13.43M | $20.84M | $20.01M | $19.01M | $18.45M | $16.60M | $16.05M | $15.56M | $14.98M | $14.19M | $13.45M | $12.82M | $11.71M | $11.07M | $10.68M | $10.13M | $10.64M | $8.81M | $7.39M | $8.30M | $9.68M | $6.60M | $6.72M | $6.73M | $5.61M | $8.53M | $7.10M |
| Low Forecast | $12.49M | $12.45M | $12.41M | $12.36M | $19.19M | $18.42M | $17.51M | $16.99M | $15.28M | $14.78M | $14.33M | $13.79M | $13.07M | $12.64M | $11.80M | $7.80M | $10.45M | $9.88M | $9.33M | $7.10M | $8.11M | $4.92M | $8.30M | $6.45M | $4.40M | $4.48M | $4.49M | $3.74M | $5.69M | $4.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 0.70% | 0.78% | 0.97% | 0.77% | 1.28% | - | 1.00% | 1.06% | 1.00% | 1.15% | 1.38% | 0.67% | 1.00% |
Essential Properties Realty Trust's average Quarter SG&A projection for Mar 24 is $9.76M, based on 2 Wall Street analysts, with a range of $7.80M to $11.71M. The forecast indicates a 33.01% rise compared to EPRT last annual SG&A of $7.33M (Dec 23).
Essential Properties Realty Trust EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 2 | 3 | 7 | 3 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 11 | 12 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.31 | $0.29 | $0.35 | $0.30 | $0.25 | $0.26 | - | $0.21 | $0.24 | $0.23 | $0.20 | $0.14 | $0.05 | $0.13 |
| Avg Forecast | - | - | - | - | $0.32 | $0.33 | $0.31 | $0.30 | $0.31 | $0.31 | $0.31 | $0.30 | $0.31 | $0.30 | $0.29 | $0.28 | $0.27 | $0.27 | $0.26 | $0.23 | $0.22 | $0.26 | $0.26 | $0.22 | $0.22 | $0.20 | $0.17 | $0.09 | $0.16 | $0.15 |
| High Forecast | - | - | - | - | $0.34 | $0.35 | $0.33 | $0.32 | $0.32 | $0.32 | $0.32 | $0.31 | $0.32 | $0.31 | $0.31 | $0.29 | $0.28 | $0.28 | $0.27 | $0.24 | $0.23 | $0.27 | $0.26 | $0.23 | $0.23 | $0.21 | $0.17 | $0.09 | $0.16 | $0.15 |
| Low Forecast | - | - | - | - | $0.30 | $0.31 | $0.29 | $0.29 | $0.29 | $0.29 | $0.29 | $0.28 | $0.29 | $0.30 | $0.28 | $0.26 | $0.25 | $0.25 | $0.25 | $0.21 | $0.21 | $0.24 | $0.26 | $0.21 | $0.21 | $0.19 | $0.16 | $0.09 | $0.15 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.09% | 1.35% | 1.33% | 1.14% | 1.02% | - | 0.95% | 1.09% | 1.15% | 1.18% | 1.56% | 0.31% | 0.87% |
According to 2 Wall Street analysts, Essential Properties Realty Trust's projected average Quarter EPS for Mar 24 is $0.28, with a low estimate of $0.26 and a high estimate of $0.29. This represents a -10.75% decrease compared to EPRT previous annual EPS of $0.31 (Dec 23).
Essential Properties Realty Trust Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BRSP | BrightSpire Capital | $6.10 | $10.83 | 77.54% | Buy |
| CTO | CTO Realty Growth | $19.23 | $25.67 | 33.49% | Buy |
| AHH | Armada Hoffler Properties | $12.05 | $12.75 | 5.81% | Buy |
| BNL | Broadstone Net Lease | $18.58 | $18.00 | -3.12% | Hold |
| EPRT | Essential Properties Realty Trust | $33.16 | $30.86 | -6.94% | Buy |
EPRT Forecast FAQ
Is Essential Properties Realty Trust a good buy?
Yes, according to 10 Wall Street analysts, Essential Properties Realty Trust (EPRT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 80.00% of EPRT's total ratings.
What is EPRT's price target?
Essential Properties Realty Trust (EPRT) average price target is $30.86 with a range of $27.5 to $34, implying a -6.94% from its last price of $33.16. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Essential Properties Realty Trust stock go up soon?
According to Wall Street analysts' prediction for EPRT stock, the company can go down by -6.94% (from the last price of $33.16 to the average price target of $30.86), up by 2.53% based on the highest stock price target, and down by -17.07% based on the lowest stock price target.
Can Essential Properties Realty Trust stock reach $50?
EPRT's average twelve months analyst stock price target of $30.86 does not support the claim that Essential Properties Realty Trust can reach $50 in the near future.
What is Essential Properties Realty Trust's current price target trend?
2 Wall Street analysts forecast a $34 price target for Essential Properties Realty Trust (EPRT) this month, up 2.53% from its last price of $33.16. Compared to the last 3 and 12 months, the average price target increased by 1.54% and decreased by -6.94%, respectively.
What are Essential Properties Realty Trust's analysts' financial forecasts?
Essential Properties Realty Trust's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $629.17M (high $653.75M, low $601.97M), average EBITDA is $544.32M (high $565.58M, low $520.79M), average net income is $224.8M (high $236.21M, low $212.16M), average SG&A $75.36M (high $78.31M, low $72.1M), and average EPS is $1.27 (high $1.33, low $1.19). EPRT's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $433.7M (high $450.64M, low $414.95M), average EBITDA is $375.21M (high $389.87M, low $358.99M), average net income is $0 (high $0, low $0), average SG&A $51.95M (high $53.98M, low $49.7M), and average EPS is $0 (high $0, low $0).
Did the EPRT's actual financial results beat the analysts' financial forecasts?
Based on Essential Properties Realty Trust's last annual report (Dec 2023), the company's revenue was $359.6M, beating the average analysts forecast of $332.3M by 8.21%. Apple's EBITDA was $326.36M, beating the average prediction of $284.59M by 14.68%. The company's net income was $190.71M, beating the average estimation of $170.55M by 11.82%. Apple's SG&A was $30.68M, missing the average forecast of $39.67M by -22.67%. Lastly, the company's EPS was $1.25, beating the average prediction of $1.02 by 22.55%. In terms of the last quarterly report (Dec 2023), Essential Properties Realty Trust's revenue was $97.73M, beating the average analysts' forecast of $90.2M by 8.36%. The company's EBITDA was $89.69M, beating the average prediction of $78.03M by 14.94%. Essential Properties Realty Trust's net income was $49.1M, beating the average estimation of $47.95M by 2.39%. The company's SG&A was $7.34M, missing the average forecast of $10.8M by -32.11%. Lastly, the company's EPS was $0.31, beating the average prediction of $0.27 by 14.81%