Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $32.60 Average Target Price from Brokerages

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.75.

A number of analysts have weighed in on the stock. Raymond James increased their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company reissued an “overweight” rating and set a $37.00 target price (up from $34.00) on shares of Essential Properties Realty Trust in a report on Tuesday, October 1st. UBS Group increased their target price on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Truist Financial increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a report on Friday, June 28th. They issued a “buy” rating and a $33.00 price objective on the stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several large investors have recently made changes to their positions in EPRT. Heitman Real Estate Securities LLC boosted its position in shares of Essential Properties Realty Trust by 5.7% during the 4th quarter. Heitman Real Estate Securities LLC now owns 1,048,293 shares of the company’s stock valued at $26,794,000 after purchasing an additional 56,990 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Essential Properties Realty Trust by 18.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 120,002 shares of the company’s stock valued at $3,067,000 after purchasing an additional 18,369 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Essential Properties Realty Trust by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock valued at $253,841,000 after purchasing an additional 1,543,346 shares in the last quarter. Pensionfund DSM Netherlands boosted its position in shares of Essential Properties Realty Trust by 10.3% during the 1st quarter. Pensionfund DSM Netherlands now owns 85,500 shares of the company’s stock valued at $2,279,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Pensionfund Sabic boosted its position in shares of Essential Properties Realty Trust by 26.9% during the 1st quarter. Pensionfund Sabic now owns 42,500 shares of the company’s stock valued at $1,133,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.0 %

NYSE EPRT opened at $32.51 on Thursday. Essential Properties Realty Trust has a 12 month low of $20.49 and a 12 month high of $34.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. The company’s fifty day moving average price is $31.91 and its two-hundred day moving average price is $28.99.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The company had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.99 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 3.57%. Essential Properties Realty Trust’s payout ratio is 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.