Essential Properties Realty Trust (NYSE:EPRT) Given New $32.00 Price Target at Scotiabank

Essential Properties Realty Trust (NYSE:EPRT - Free Report) had its price objective reduced by Scotiabank from $33.00 to $32.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a sector perform rating on the stock.

Several other research analysts have also commented on EPRT. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price target for the company. Capital One Financial initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target for the company. B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, UBS Group boosted their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of "Moderate Buy" and an average price target of $34.48.

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Essential Properties Realty Trust Stock Down 1.8 %

NYSE EPRT traded down $0.61 on Friday, reaching $32.24. 2,257,567 shares of the stock traded hands, compared to its average volume of 1,201,302. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.90 and a beta of 1.36. 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 12 month low of $24.52 and a 12 month high of $34.88. The company has a fifty day moving average price of $31.64 and a 200-day moving average price of $32.37.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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%. As a group, research analysts forecast that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.66%. 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 presently 103.51%.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the sale, the director now owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company's stock.

Institutional Trading of Essential Properties Realty Trust

Hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 26.5% in the third 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 last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Essential Properties Realty Trust by 33.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company's stock worth $85,491,000 after buying an additional 621,445 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Essential Properties Realty Trust by 4.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,712,800 shares of the company's stock worth $58,492,000 after buying an additional 66,058 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 worth $10,176,000 after purchasing an additional 161,697 shares during the period. Finally, FMR LLC raised its holdings in Essential Properties Realty Trust by 1.9% in the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock worth $141,336,000 after purchasing an additional 76,475 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

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.