Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $34.48 Consensus Target Price from Analysts

Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $34.48.

EPRT has been the topic of several research analyst reports. Scotiabank cut their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 target price on the stock. Barclays decreased their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Mizuho lifted their price target on 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective for the company.

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Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the transaction, the director now owns 178,785 shares of the company's stock, valued at $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its stake in shares of Essential Properties Realty Trust by 228.5% in the fourth quarter. Mackenzie Financial Corp now owns 44,270 shares of the company's stock valued at $1,385,000 after purchasing an additional 30,794 shares during the period. GF Fund Management CO. LTD. purchased a new position in Essential Properties Realty Trust in the fourth quarter valued at about $100,000. Public Employees Retirement System of Ohio lifted its position in shares of Essential Properties Realty Trust by 0.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 252,936 shares of the company's stock valued at $7,912,000 after acquiring an additional 2,051 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Essential Properties Realty Trust by 4.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,130,570 shares of the company's stock worth $35,364,000 after acquiring an additional 44,041 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Essential Properties Realty Trust by 57.6% in the 4th quarter. Two Sigma Advisers LP now owns 137,100 shares of the company's stock worth $4,288,000 after acquiring an additional 50,100 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Down 1.0 %

Shares of NYSE:EPRT traded down $0.31 on Friday, hitting $30.81. 1,044,375 shares of the company's stock were exchanged, compared to its average volume of 1,252,517. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust has a 1-year low of $24.72 and a 1-year high of $34.88. The company has a market capitalization of $5.78 billion, a PE ratio of 27.04, a P/E/G ratio of 2.90 and a beta of 1.36. The firm's 50-day moving average is $31.66 and its 200 day moving average is $32.40.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Sell-side analysts predict that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.83%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 103.51%.

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.