Stifel Nicolaus Raises Essential Properties Realty Trust (NYSE:EPRT) Price Target to $36.25

Essential Properties Realty Trust (NYSE:EPRT) had its target price hoisted by equities research analysts at Stifel Nicolaus from $32.00 to $36.25 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.93% from the stock’s current price.

EPRT has been the topic of several other reports. Scotiabank raised their target price on Essential Properties Realty Trust from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Evercore ISI raised 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. Wedbush initiated coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 target price on the stock. Truist Financial upped their price target on Essential Properties Realty Trust from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Raymond James lifted their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.13.

Essential Properties Realty Trust Stock Up 1.1 %

Shares of EPRT stock traded up $0.37 during mid-day trading on Thursday, hitting $34.22. The company’s stock had a trading volume of 151,640 shares, compared to its average volume of 1,372,670. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $34.51. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.93 and a beta of 1.37. The business has a 50-day moving average price of $31.24 and a 200 day moving average price of $28.36.

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

Insider Buying and Selling at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the sale, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Peter M. Mavoides sold 20,863 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the sale, the chief executive officer now directly owns 514,464 shares in the company, valued at approximately $14,168,338.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the completion of the sale, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. Insiders sold 62,592 shares of company stock valued at $1,863,808 in the last 90 days. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Thoroughbred Financial Services LLC increased its position in Essential Properties Realty Trust by 5.3% during the first quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock valued at $343,000 after acquiring an additional 654 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Essential Properties Realty Trust by 0.3% in the first quarter. New York State Teachers Retirement System now owns 230,417 shares of the company’s stock worth $6,143,000 after buying an additional 658 shares during the period. CWM LLC boosted its holdings in Essential Properties Realty Trust by 122.9% during the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after acquiring an additional 686 shares during the period. CIBC Asset Management Inc boosted its holdings in Essential Properties Realty Trust by 7.8% during the 2nd quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after acquiring an additional 772 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Essential Properties Realty Trust by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock worth $1,180,000 after purchasing an additional 800 shares during the period. Institutional investors own 96.98% of the company’s stock.

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.