Essential Properties Realty Trust (NYSE:EPRT) Rating Reiterated by Wells Fargo & Company

Essential Properties Realty Trust (NYSE:EPRT)‘s stock had its “overweight” rating reissued by stock analysts at Wells Fargo & Company in a report issued on Tuesday, Benzinga reports. They currently have a $37.00 target price on the stock, up from their previous target price of $34.00. Wells Fargo & Company‘s target price indicates a potential upside of 9.56% from the stock’s previous close.

Several other equities analysts have also recently weighed in on EPRT. Truist Financial lifted their price objective on Essential Properties Realty Trust from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group lifted their price objective on Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Wedbush assumed coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target on the stock. Evercore ISI lifted their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus lifted their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.37.

Essential Properties Realty Trust Price Performance

NYSE EPRT traded down $0.38 during midday trading on Tuesday, hitting $33.77. The company had a trading volume of 193,959 shares, compared to its average volume of 1,370,809. The company has a market capitalization of $5.92 billion, a PE ratio of 27.54, a P/E/G ratio of 2.93 and a beta of 1.37. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $31.44 and a 200-day moving average price of $28.56. Essential Properties Realty Trust has a twelve month low of $20.49 and a twelve month high of $34.51.

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

Insider Buying and Selling

In other news, CEO Peter M. Mavoides sold 1,200 shares of the 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 completion of the sale, the chief executive officer now owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Peter M. Mavoides sold 1,200 shares of the 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 completion of the sale, the chief executive officer now owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now directly 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. Insiders have sold 41,729 shares of company stock worth $1,289,241 in the last 90 days. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Asset Dedication LLC bought a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $27,000. Quarry LP boosted its holdings in Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after acquiring an additional 1,027 shares in the last quarter. CWM LLC boosted 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 acquiring an additional 686 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Essential Properties Realty Trust by 54.2% in the second quarter. Signaturefd LLC now owns 3,729 shares of the company’s stock worth $103,000 after acquiring an additional 1,310 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

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.