The Goldman Sachs Group Begins Coverage on Essential Properties Realty Trust (NYSE:EPRT)

Research analysts at The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research note issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 19.65% from the company’s current price.

A number of other brokerages also recently issued reports on EPRT. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 29th. B. Riley restated a “buy” rating and issued a $29.00 price target (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Mizuho boosted their price target on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group started coverage on shares of Essential Properties Realty Trust in a research report on Friday, May 31st. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Essential Properties Realty Trust Stock Up 1.7 %

Shares of NYSE EPRT opened at $27.58 on Friday. The company has a market capitalization of $4.84 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.07 and a beta of 1.30. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $28.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61. The company’s 50 day moving average price is $26.99 and its 200-day moving average price is $25.85.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 25,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now owns 247,492 shares in the company, valued at approximately $6,704,558.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new position in shares of Essential Properties Realty Trust in the 4th quarter worth about $26,000. Heritage Wealth Advisors boosted its holdings in shares of Essential Properties Realty Trust by 71.4% in the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Essential Properties Realty Trust in the 4th quarter worth about $31,000. Signaturefd LLC boosted its holdings in shares of Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after buying an additional 2,167 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Essential Properties Realty Trust by 15.5% in the 4th quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company’s stock worth $168,000 after buying an additional 881 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

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.