Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $33.44 Average Target Price from Brokerages

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.44.

Several equities research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Stifel Nicolaus upped their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, September 26th. Truist Financial increased their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Evercore ISI upped their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company dropped their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This trade represents a 5.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Essential Properties Realty Trust by 8.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock valued at $233,000 after acquiring an additional 542 shares in the last quarter. Creative Planning lifted its position in shares of Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock valued at $459,000 after acquiring an additional 558 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Essential Properties Realty Trust by 8.2% during the third quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock worth $269,000 after acquiring an additional 597 shares in the last quarter. Finally, CWM LLC grew its holdings in Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after purchasing an additional 686 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Trading Down 0.6 %

Shares of EPRT stock opened at $34.10 on Friday. Essential Properties Realty Trust has a fifty-two week low of $23.49 and a fifty-two week high of $34.88. The stock’s fifty day moving average price is $33.19 and its two-hundred day moving average price is $30.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market cap of $5.98 billion, a PE ratio of 29.65, a P/E/G ratio of 2.84 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). The business had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Equities analysts predict that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.