Essential Properties Realty Trust (NYSE:EPRT) Given a $26.00 Price Target by Evercore ISI Analysts

Evercore ISI set a $26.00 target price on Essential Properties Realty Trust (NYSE:EPRT – Get Rating) in a research note released on Monday, Stock Target Advisor reports.

EPRT has been the topic of a number of other reports. Truist Financial cut their target price on Essential Properties Realty Trust from $32.00 to $28.00 and set a na rating on the stock in a research report on Monday, May 16th. LADENBURG THALM/SH SH boosted their target price on Essential Properties Realty Trust from $27.00 to $28.50 in a research report on Tuesday, March 1st. Raymond James cut their target price on Essential Properties Realty Trust from $34.00 to $30.00 and set an outperform rating on the stock in a research report on Friday, March 11th. Finally, The Goldman Sachs Group lowered Essential Properties Realty Trust from a buy rating to a neutral rating and cut their target price for the stock from $31.00 to $26.00 in a research report on Wednesday, May 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $27.31.

Shares of Essential Properties Realty Trust stock opened at $21.31 on Monday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $22.95 and its two-hundred day moving average price is $25.05. Essential Properties Realty Trust has a 52 week low of $19.73 and a 52 week high of $32.92. The stock has a market cap of $2.79 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.35.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.07%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, June 29th. Essential Properties Realty Trust’s payout ratio is presently 118.18%.

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $20.68 per share, with a total value of $413,600.00. Following the completion of the transaction, the chief executive officer now owns 459,170 shares of the company’s stock, valued at $9,495,635.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.27% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brasada Capital Management LP increased its stake in shares of Essential Properties Realty Trust by 3.6% in the first quarter. Brasada Capital Management LP now owns 78,891 shares of the company’s stock worth $1,996,000 after acquiring an additional 2,763 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Essential Properties Realty Trust by 6.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 136,917 shares of the company’s stock worth $3,464,000 after acquiring an additional 7,822 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth $1,651,000. Walleye Trading LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth $491,000. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth $15,271,000. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Company Profile (Get Rating)

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.

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