Deutsche Bank Aktiengesellschaft Initiates Coverage on Essential Properties Realty Trust (NYSE:EPRT)

Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a report released on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 16.28% from the company’s previous close.

Several other research analysts have also recently issued reports on EPRT. Truist Financial upped their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. UBS Group lifted their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Raymond James lifted their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Finally, Evercore ISI lifted their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $33.77.

Essential Properties Realty Trust Stock Performance

EPRT opened at $32.68 on Wednesday. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust has a 1-year low of $23.58 and a 1-year high of $34.88. The business has a 50 day moving average price of $33.04 and a two-hundred day moving average price of $31.03.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Dedication LLC acquired a new position in Essential Properties Realty Trust in the 2nd quarter valued at $27,000. Blue Trust Inc. grew its stake in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after buying an additional 399 shares during the last quarter. Quarry LP grew its stake in Essential Properties Realty Trust by 611.3% in the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after buying an additional 1,027 shares during the last quarter. CWM LLC grew its stake in Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in Essential Properties Realty Trust in the 3rd quarter valued at $79,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

About Essential Properties Realty Trust

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.