UBS Group Issues Pessimistic Forecast for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Essential Properties Realty Trust (NYSE:EPRT) had its price target reduced by UBS Group from $40.00 to $37.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Truist Financial upped their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 price objective on the stock. Scotiabank upped their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday. Barclays dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price target for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average target price of $34.77.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $31.39 on Tuesday. The firm has a 50 day simple moving average of $31.59 and a 200-day simple moving average of $31.96. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. Essential Properties Realty Trust has a 1-year low of $26.07 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts expect that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s payout ratio is 102.61%.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the transaction, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. This trade represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

Large investors have recently bought and sold shares of the stock. KBC Group NV raised its stake in Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company’s stock valued at $264,000 after purchasing an additional 335 shares during the last quarter. Selective Wealth Management Inc. boosted its stake in shares of Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after purchasing an additional 395 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Essential Properties Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock worth $1,592,000 after purchasing an additional 399 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Essential Properties Realty Trust by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company’s stock worth $352,000 after buying an additional 419 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Essential Properties Realty Trust by 4.2% in the first quarter. Cresset Asset Management LLC now owns 10,609 shares of the company’s stock valued at $349,000 after buying an additional 426 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.