Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $33.06 Consensus Price Target from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.83.

EPRT has been the topic of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a "buy" rating in a report on Thursday, September 26th. Scotiabank boosted their price target on Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Wedbush assumed coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They set an "outperform" rating and a $34.00 price objective on the stock. Truist Financial upped their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Evercore ISI lifted their price objective on 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.

Essential Properties Realty Trust Trading Up 0.2 %

Essential Properties Realty Trust stock traded up $0.07 during midday trading on Monday, reaching $31.71. The stock had a trading volume of 1,335,618 shares, compared to its average volume of 1,339,889. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 2.69 and a beta of 1.37. Essential Properties Realty Trust has a 52-week low of $22.32 and a 52-week high of $34.51. The company has a fifty day moving average of $32.88 and a 200 day moving average of $29.79.

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

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.29 dividend. 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 3.66%. Essential Properties Realty Trust's payout ratio is 100.87%.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares of the company's stock, 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 SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meritage Portfolio Management raised its position in Essential Properties Realty Trust by 1,101.0% during the 3rd quarter. Meritage Portfolio Management now owns 168,434 shares of the company's stock worth $5,752,000 after buying an additional 154,410 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Essential Properties Realty Trust by 16.1% in the third quarter. QRG Capital Management Inc. now owns 74,029 shares of the company's stock worth $2,528,000 after acquiring an additional 10,242 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Essential Properties Realty Trust by 7.2% during the third quarter. Asset Management One Co. Ltd. now owns 374,217 shares of the company's stock worth $12,780,000 after purchasing an additional 25,289 shares during the last quarter. Van ECK Associates Corp lifted its position in Essential Properties Realty Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 30,152 shares of the company's stock valued at $1,022,000 after purchasing an additional 3,309 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its holdings in Essential Properties Realty Trust by 8.2% in the third quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company's stock valued at $269,000 after purchasing an additional 597 shares during 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.