Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $31.73 Consensus Price Target from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.81.

Several analysts have recently weighed in on the company. Raymond James lifted their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Evercore ISI boosted their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $31.25 to $32.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Scotiabank upped their target price on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wedbush assumed coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price target for the company.

Insider Activity

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 20,863 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $27.54, for a total transaction of $574,567.02. Following the sale, the chief executive officer now owns 514,464 shares of the company’s stock, valued at approximately $14,168,338.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Peter M. Mavoides sold 20,863 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the sale, the chief executive officer now owns 514,464 shares of the company’s stock, valued at $14,168,338.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,592 shares of company stock worth $1,863,808. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Essential Properties Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock valued at $676,561,000 after acquiring an additional 1,060,079 shares during the period. Wellington Management Group LLP lifted its stake in Essential Properties Realty Trust by 18.4% in the fourth quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock valued at $253,841,000 after buying an additional 1,543,346 shares in the last quarter. Principal Financial Group Inc. lifted its position in Essential Properties Realty Trust by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,697,079 shares of the company’s stock valued at $71,904,000 after acquiring an additional 187,256 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Essential Properties Realty Trust by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock valued at $71,372,000 after purchasing an additional 264,052 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Essential Properties Realty Trust by 9.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company’s stock worth $54,486,000 after acquiring an additional 169,222 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.2 %

Shares of EPRT stock opened at $33.16 on Friday. Essential Properties Realty Trust has a 12 month low of $20.49 and a 12 month high of $33.60. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.81 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37. The stock has a 50 day moving average of $30.61 and a 200-day moving average of $27.93.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities analysts predict that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

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.