Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.46.
A number of equities research analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Essential Properties Realty Trust in a report on Thursday, October 1st. They set a “buy” rating and a $31.00 target price on the stock. Stifel Nicolaus dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $32.50 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Wells Fargo & Company cut their price target on shares of Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Wall Street Zen lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Finally, Evercore reissued an “outperform” rating and issued a $37.00 price objective on shares of Essential Properties Realty Trust in a research note on Monday, September 21st.
View Our Latest Report on EPRT
Hedge Funds Weigh In On Essential Properties Realty Trust
Hedge funds have recently bought and sold shares of the company. CenterBook Partners LP bought a new position in shares of Essential Properties Realty Trust during the 3rd quarter valued at approximately $447,000. Kestra Advisory Services LLC raised its holdings in shares of Essential Properties Realty Trust by 5.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,356 shares of the company’s stock worth $267,000 after purchasing an additional 562 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Essential Properties Realty Trust by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,726 shares of the company’s stock worth $406,000 after purchasing an additional 515 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Essential Properties Realty Trust by 406.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,173,499 shares of the company’s stock valued at $30,288,000 after purchasing an additional 941,768 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Essential Properties Realty Trust during the third quarter valued at $164,000. Institutional investors own 96.98% of the company’s stock.
Essential Properties Realty Trust Price Performance
Shares of EPRT opened at $27.44 on Friday. Essential Properties Realty Trust has a 12-month low of $24.62 and a 12-month high of $34.73. The business has a 50-day simple moving average of $27.27 and a two-hundred day simple moving average of $30.42. The company has a quick ratio of 4.94, a current ratio of 4.94 and a debt-to-equity ratio of 0.65. The stock has a market cap of $6.04 billion, a PE ratio of 22.31, a PEG ratio of 2.24 and a beta of 0.80.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $158.17 million. During the same quarter last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts anticipate that Essential Properties Realty Trust will post 1.96 earnings per share for the current fiscal year.
Essential Properties Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.32 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Essential Properties Realty Trust’s payout ratio is 104.07%.
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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