Essential Properties Realty Trust (NYSE:EPRT) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 15.15% from the company's current price.

Several other equities analysts also recently weighed in on the company. Wedbush assumed coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They set an "outperform" rating and a $34.00 price target for the company. Mizuho boosted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Truist Financial raised their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. UBS Group boosted their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Raymond James raised 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 research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.77.

Essential Properties Realty Trust Price Performance

EPRT stock traded up $0.53 during midday trading on Wednesday, hitting $33.00. 1,620,856 shares of the stock were exchanged, compared to its average volume of 1,318,397. The stock's 50-day moving average price is $33.04 and its 200-day moving average price is $31.01. 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 stock has a market cap of $5.79 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.72 and a beta of 1.38. Essential Properties Realty Trust has a fifty-two week low of $23.58 and a fifty-two week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). The firm 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 company's quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Research analysts predict that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in EPRT. Blue Trust Inc. boosted its holdings in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $28,000 after acquiring an additional 399 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Essential Properties Realty Trust by 8.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after purchasing an additional 542 shares in the last quarter. Creative Planning grew its holdings in Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company's stock valued at $459,000 after purchasing an additional 558 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Essential Properties Realty Trust by 8.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company's stock worth $269,000 after buying an additional 597 shares during the period. Finally, CWM LLC increased its stake in Essential Properties Realty Trust by 122.9% during the 2nd quarter. CWM LLC now owns 1,244 shares of the company's stock worth $34,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

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.