Essential Properties Realty Trust, Inc. (NYSE:EPRT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.91.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of 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. Truist Financial boosted their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Scotiabank increased 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. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, Mizuho raised their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On Essential Properties Realty Trust

Large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its holdings in shares of Essential Properties Realty Trust by 29.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company's stock valued at $45,631,000 after purchasing an additional 372,040 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 26.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company's stock worth $8,347,000 after buying an additional 51,196 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Essential Properties Realty Trust by 33.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company's stock valued at $85,491,000 after buying an additional 621,445 shares during the last quarter. Barclays PLC raised its holdings in Essential Properties Realty Trust by 118.6% in the 3rd quarter. Barclays PLC now owns 297,989 shares of the company's stock valued at $10,176,000 after acquiring an additional 161,697 shares during the period. Finally, FMR LLC lifted its position in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company's stock worth $141,336,000 after acquiring an additional 76,475 shares during the last quarter. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Trading Down 0.1 %

NYSE:EPRT traded down $0.03 on Friday, reaching $31.76. The company's stock had a trading volume of 696,918 shares, compared to its average volume of 1,244,428. The firm has a market cap of $5.57 billion, a PE ratio of 27.61, a PEG ratio of 2.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The business's 50-day moving average price is $32.40 and its two-hundred day moving average price is $31.84. Essential Properties Realty Trust has a 1-year low of $23.58 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). The company had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. Equities research analysts anticipate that Essential Properties Realty Trust will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Tuesday, December 31st. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. Essential Properties Realty Trust's payout ratio is 102.61%.

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.