Analysts Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) Target Price at $33.91

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.91.

A number of brokerages have issued reports on EPRT. Barclays started coverage on shares of Essential Properties Realty Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $35.94 price target on the stock. Wells Fargo & Company dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Scotiabank upped their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Truist Financial increased their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Mizuho boosted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Essential Properties Realty Trust by 9.4% in 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. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Essential Properties Realty Trust by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,712 shares of the company’s stock worth $2,541,000 after acquiring an additional 7,213 shares during the period. Signaturefd LLC increased its stake in shares of 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Essential Properties Realty Trust by 24.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,895 shares of the company’s stock worth $912,000 after purchasing an additional 6,483 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in Essential Properties Realty Trust by 8.7% during the second quarter. Maryland State Retirement & Pension System now owns 61,122 shares of the company’s stock valued at $1,694,000 after purchasing an additional 4,900 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Trading Up 0.1 %

Shares of EPRT stock opened at $31.97 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.74 and a beta of 1.38. Essential Properties Realty Trust has a 1 year low of $23.58 and a 1 year high of $34.88. The firm has a fifty day moving average price of $32.84 and a 200-day moving average price of $31.38.

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

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.295 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 102.61%.

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.