Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $31.73 Consensus Target Price from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.81.

Several research firms recently commented on EPRT. Truist Financial increased their price target on Essential Properties Realty Trust from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group raised their target price on Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group started coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 price target on the stock. Wedbush started coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, Evercore ISI lifted their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday.

Insider Buying and Selling

In other news, CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the completion of the sale, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust 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 owns 446,076 shares in the company, valued at $14,421,637.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 1,200 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the sale, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,592 shares of company stock valued at $1,863,808. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. raised its stake in shares of Essential Properties Realty Trust by 409.2% in the first quarter. Daiwa Securities Group Inc. now owns 241,386 shares of the company’s stock valued at $6,435,000 after acquiring an additional 193,979 shares in the last quarter. Vanguard Group Inc. increased its holdings in Essential Properties Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after purchasing an additional 1,060,079 shares during the period. Hazelview Securities Inc. raised its position in Essential Properties Realty Trust by 112.9% in the 1st quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock valued at $22,731,000 after purchasing an additional 460,065 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Essential Properties Realty Trust by 51.0% in the 1st quarter. Nordea Investment Management AB now owns 281,275 shares of the company’s stock valued at $7,530,000 after buying an additional 94,970 shares during the period. Finally, Heitman Real Estate Securities LLC grew its position in shares of Essential Properties Realty Trust by 5.7% during the fourth quarter. Heitman Real Estate Securities LLC now owns 1,048,293 shares of the company’s stock worth $26,794,000 after buying an additional 56,990 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $33.89 on Friday. The company has a fifty day simple moving average of $30.82 and a 200-day simple moving average of $28.03. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.73 and a beta of 1.37. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $34.01.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.99 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue was up 26.4% on a year-over-year basis. On average, equities analysts anticipate that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a $0.29 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

About Essential Properties Realty Trust

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.