UBS Group Boosts Essential Properties Realty Trust (NYSE:EPRT) Price Target to $35.00

Essential Properties Realty Trust (NYSE:EPRT - Free Report) had its price objective lifted by UBS Group from $30.00 to $35.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a sector perform rating in a report on Wednesday, May 29th. Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a buy rating in a report on Friday, May 10th. The Goldman Sachs Group began coverage on shares of Essential Properties Realty Trust in a report on Friday, June 28th. They issued a buy rating and a $33.00 price objective for the company. Evercore ISI downgraded shares of Essential Properties Realty Trust from an outperform rating to an in-line rating and lifted their target price for the stock from $30.00 to $32.00 in a research note on Wednesday. Finally, Citigroup upgraded shares of Essential Properties Realty Trust from a neutral rating to a buy rating and upped their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $29.67.

Essential Properties Realty Trust Trading Up 0.3 %

Shares of EPRT traded up $0.09 during mid-day trading on Thursday, reaching $30.77. The company's stock had a trading volume of 1,015,994 shares, compared to its average volume of 1,378,627. The stock has a market cap of $5.39 billion, a PE ratio of 24.95, a P/E/G ratio of 2.32 and a beta of 1.35. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. Essential Properties Realty Trust has a 52 week low of $20.49 and a 52 week high of $31.08. The company's fifty day moving average price is $27.61 and its two-hundred day moving average price is $26.14.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.29 dividend. The ex-dividend date was Friday, June 28th. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 3.77%. Essential Properties Realty Trust's dividend payout ratio is 94.31%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 20,863 shares of the company's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the transaction, the chief executive officer now directly owns 514,464 shares in the company, valued at approximately $14,168,338.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 20,863 shares of the company's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the transaction, the chief executive officer now directly owns 514,464 shares in the company, valued at approximately $14,168,338.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen D. Sautel sold 25,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $27.09, for a total transaction of $677,250.00. Following the completion of the transaction, the director now owns 247,492 shares of the company's stock, valued at $6,704,558.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,775 shares of company stock worth $1,641,734. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC bought a new position in shares of Essential Properties Realty Trust in the 4th quarter worth about $26,000. Heritage Wealth Advisors increased its stake in shares of Essential Properties Realty Trust by 71.4% in the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company's stock worth $31,000 after acquiring an additional 500 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Essential Properties Realty Trust in the 4th quarter worth about $31,000. CWM LLC increased its stake in shares of Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company's stock worth $34,000 after acquiring an additional 686 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Essential Properties Realty Trust by 116.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company's stock valued at $54,000 after purchasing an additional 1,046 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

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.