Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $35.00

Essential Properties Realty Trust (NYSE:EPRT - Free Report) had its target price lifted by Mizuho from $31.00 to $35.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on EPRT. Raymond James increased their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Wednesday, August 21st. Evercore ISI raised their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a "buy" rating in a report on Thursday, September 26th. UBS Group raised their target price on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Truist Financial boosted their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.37.

Essential Properties Realty Trust Stock Down 1.0 %

EPRT stock traded down $0.32 on Thursday, reaching $32.74. 195,515 shares of the company traded hands, compared to its average volume of 1,340,653. The firm has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $30.14. The company has a market cap of $5.74 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37. Essential Properties Realty Trust has a one year low of $23.01 and a one year high of $34.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted 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 company had revenue of $117.13 million during the quarter, compared to analysts' expectations of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Essential Properties Realty Trust's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Research analysts anticipate that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.54%. Essential Properties Realty Trust's payout ratio is currently 100.87%.

Insider Activity at Essential Properties Realty Trust

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

Hedge Funds Weigh In On Essential Properties Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in shares of Essential Properties Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company's stock valued at $839,000 after acquiring an additional 2,164 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Essential Properties Realty Trust by 25.8% in the 1st quarter. Centersquare Investment Management LLC now owns 19,600 shares of the company's stock worth $516,000 after buying an additional 4,020 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company's stock worth $676,561,000 after buying an additional 1,060,079 shares during the last quarter. Allstate Corp bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth about $2,461,000. Finally, Nicola Wealth Management LTD. raised its position in shares of Essential Properties Realty Trust by 65.2% during the 1st quarter. Nicola Wealth Management LTD. now owns 51,161 shares of the company's stock valued at $1,364,000 after buying an additional 20,200 shares in the last quarter. 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.