Essential Properties Realty Trust price target raised to $36 from $28 at Stifel

Investing.com - Stifel raised its price target on Essential Properties Realty Trust (NYSE:EPRT) to $36.00 from $28.00 on Thursday, while maintaining a Buy rating on the real estate investment trust stock. According to InvestingPro data, EPRT currently trades at $31.41, with a P/E ratio of 26.46x, and has demonstrated strong financial health with an overall score of "GREAT."

The price target increase represents a significant 29% upside from the previous target, reflecting Stifel’s continued positive outlook on the company’s performance and growth potential.

Essential Properties Realty Trust reported third-quarter adjusted funds from operations (AFFO) of $0.48 per share, marking a 12.0% increase year-over-year, which aligned with both Stifel’s estimates and consensus expectations.

The company’s third-quarter Core Funds From Operations (FFO) came in at $0.52 per share, representing an 8.0% increase compared to the same period last year, which was $0.01 below Stifel’s estimate but $0.02 above the Street consensus.

Stifel analyst Simon Yarmak’s price target adjustment follows the company’s quarterly performance, which demonstrated continued growth in its key financial metrics despite slight variations from analyst expectations.

In other recent news, Essential Properties Realty Trust Inc. reported a strong financial performance for the second quarter of 2025. The company announced a 7% year-over-year increase in Adjusted Funds from Operations (AFFO) per share. This growth reflects positively on the company’s financial health and strategic direction, as indicated by the stability in its stock following the earnings call. There were no significant mergers or acquisitions announced in conjunction with these earnings. Additionally, analyst firms have not recently issued upgrades or downgrades for Essential Properties. Investors may find the stable outlook and positive AFFO growth encouraging. These developments highlight the company’s ongoing financial stability and growth trajectory.

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