Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $33.44 Consensus Target Price from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.44.

A number of analysts have recently commented on EPRT shares. Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Wedbush initiated coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price objective for the company. Wells Fargo & Company lowered their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Raymond James increased their price target 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. Finally, Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, September 26th.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was 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 in the company, valued at $14,421,637.08. The trade was a 5.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Essential Properties Realty Trust by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company’s stock worth $2,369,000 after purchasing an additional 5,672 shares during the period. Virtu Financial LLC bought a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at $290,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Essential Properties Realty Trust by 31.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company’s stock worth $4,205,000 after purchasing an additional 37,729 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Essential Properties Realty Trust by 116.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after purchasing an additional 1,046 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Essential Properties Realty Trust by 19.0% in the second quarter. First Hawaiian Bank now owns 23,312 shares of the company’s stock valued at $646,000 after purchasing an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $34.10 on Friday. The company has a fifty day moving average price of $33.19 and a 200 day moving average price of $30.71. The firm has a market cap of $5.98 billion, a PE ratio of 29.65, a PEG ratio of 2.84 and a beta of 1.37. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust has a 1-year low of $23.49 and a 1-year high of $34.88.

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

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 100.87%.

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.