Essential Properties Realty Trust (NYSE:EPRT – Free Report) had its target price decreased by Cantor Fitzgerald from $37.00 to $31.00 in a report issued on Tuesday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.
A number of other analysts also recently weighed in on EPRT. Scotiabank decreased their price target on Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Barclays lowered their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Wells Fargo & Company dropped their price objective on Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Truist Financial assumed coverage on Essential Properties Realty Trust in a research report on Thursday, October 1st. They set a “buy” rating and a $31.00 target price on the stock. Finally, Raymond James Financial restated a “strong-buy” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.46.
Read Our Latest Stock Analysis on EPRT
Essential Properties Realty Trust Trading Up 0.7%
NYSE:EPRT opened at $28.33 on Tuesday. The firm’s fifty day moving average is $27.17 and its 200-day moving average is $30.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.94 and a current ratio of 4.94. Essential Properties Realty Trust has a 52 week low of $24.62 and a 52 week high of $34.73. The firm has a market cap of $6.24 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.30 and a beta of 0.80.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). Essential Properties Realty Trust had a return on equity of 5.95% and a net margin of 41.03%. The firm had revenue of $168.67 million for the quarter, compared to analyst estimates of $158.17 million. During the same quarter last year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts expect that Essential Properties Realty Trust will post 1.96 earnings per share for the current year.
Essential Properties Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 104.07%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its position in Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after purchasing an additional 433 shares during the period. Global Retirement Partners LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth $41,000. EverSource Wealth Advisors LLC raised its holdings in Essential Properties Realty Trust by 79.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,612 shares of the company’s stock worth $49,000 after buying an additional 713 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Essential Properties Realty Trust by 21.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock worth $82,000 after buying an additional 478 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Essential Properties Realty Trust by 100.6% during the third quarter. Versant Capital Management Inc now owns 2,824 shares of the company’s stock worth $73,000 after buying an additional 1,416 shares during the last quarter. 96.98% of the stock is owned by institutional investors.
About Essential Properties Realty Trust
Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.
EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.
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