Essential Properties Realty Trust, Inc. (EPRT) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$31.18
Price Target
$36.50
Target Range
$33.00 — $40.00
Analyst Rating
Buy
Forward P/E23.9x
Trailing P/E24.4x
Forward PEG1.00
Implied Growth+7.7%
Median Target$36.50
Analyst Spread19.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$33
+5.8%
Consensus
$37
+17.1%
Bull Case
$40
+28.3%
Valuation Model TargetsConfidence: 37/100
Bear$14
Base$38
Bull$59
EPRT Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Essential Properties Realty Trust, Inc. (EPRT) has a Wall Street consensus price target of $36.50, based on estimates from 22 covering analysts. With the stock currently trading at $31.18, this represents a potential upside of +17.1%. The company has a market capitalization of $6.74B.
Analyst price targets range from a low of $33.00 to a high of $40.00, representing a 19% spread in expectations. The median target of $36.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 18 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, EPRT trades at a trailing P/E of 24.4x and forward P/E of 23.9x. The forward PEG ratio of 1.00 indicates reasonable valuation for growth. Analysts expect EPS to grow +7.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $37.66, with bear and bull scenarios of $13.57 and $59.09 respectively. Model confidence stands at 37/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Real Estate stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+8.2%
Avg Forward P/E32.5x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NNNNNN REIT, Inc. | $8.4B | $44.41 | $46.06 | +3.7% | Hold | 21.6x | 29 |
 ADCAgree Realty Corporation | $9.1B | $75.95 | $83.50 | +9.9% | Buy | 38.8x | 32 |
 NTSTNETSTREIT Corp. | $1.7B | $20.32 | $22.03 | +8.4% | Buy | 64.7x | 18 |
 PINEAlpine Income Property Trust, Inc. | $279M | $19.45 | $20.75 | +6.7% | Buy | 58.7x | 12 |
 ORealty Income Corporation | $59.4B | $63.57 | $65.25 | +2.6% | Hold | 38.2x | 34 |
 WPCW. P. Carey Inc. | $16.0B | $73.18 | $73.20 | +0.0% | Hold | 29.0x | 20 |
 FCPTFour Corners Property Trust, Inc. | $2.8B | $25.14 | $27.00 | +7.4% | Hold | 21.5x | 15 |
 GTYGetty Realty Corp. | $2.0B | $32.97 | $34.00 | +3.1% | Buy | 22.0x | 13 |
 BXBlackstone Inc. | $96.2B | $122.72 | $156.29 | +27.4% | Buy | 20.6x | 29 |
 ARCCAres Capital Corporation | $13.9B | $19.35 | $21.88 | +13.1% | Buy | 10.1x | 32 |
Upside Potential Comparison
BXARCCADCNTSTFCPTPINENNNGTYSee EPRT's True Return
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Start ComparisonEPRT — Frequently Asked Questions
Quick answers to the most common questions about buying EPRT stock.
What is the EPRT stock price target for 2026?
Essential Properties Realty Trust, Inc. (EPRT) has a consensus 12-month price target of $36.5, implying 17.1% upside from $31.18. The 22 analysts covering EPRT see moderate appreciation potential.
Is EPRT a buy, sell, or hold?
EPRT has a consensus rating of "Buy" based on 22 Wall Street analysts. The rating breakdown is predominantly bullish, with 18 Buy/Strong Buy ratings. The consensus 12-month price target of $36.5 implies 17.1% upside from current levels.
Is EPRT stock overvalued or undervalued?
EPRT trades at a forward P/E of 23.9074x, representing a moderate valuation. With analysts targeting $36.5 (17.1% implied move), the stock appears reasonably valued with upside.
How high can EPRT stock go?
The most bullish Wall Street analyst has a price target of $40 for EPRT, while the most conservative target is $33. The consensus of $36.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $59 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover EPRT stock?
EPRT is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 17 have Buy ratings, 3 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the EPRT stock forecast?
The 12-month EPRT stock forecast based on 22 Wall Street analysts shows a consensus price target of $36.5, with estimates ranging from $33 (bear case) to $40 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $38, with bear/bull scenarios of $14/$59.
What is EPRT's fair value based on fundamentals?
Our quantitative valuation model calculates EPRT's fair value at $38 (base case), with a bear case of $14 and bull case of $59. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 37/100.
What is EPRT's forward P/E ratio?
EPRT trades at a forward P/E ratio of 23.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy EPRT stock?
Wall Street analysts are optimistic on EPRT, with a "Buy" consensus rating and $36.5 price target (17.1% upside). 18 of 22 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do EPRT price targets vary so much?
EPRT analyst price targets range from $33 to $40, a 19% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.5 consensus represents the middle ground. Our model's $14-$59 range provides an independent fundamental perspective.