UBS Group Boosts Essential Properties Realty Trust (NYSE:EPRT) Price Target to $40.00

Essential Properties Realty Trust (NYSE:EPRT) had its target price increased by equities research analysts at UBS Group from $39.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 21.25% from the stock’s current price.

Several other research analysts have also commented on EPRT. Raymond James lifted their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Evercore ISI increased their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Mizuho raised their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Truist Financial increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $33.37.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded down $0.07 on Thursday, reaching $32.99. 23,734 shares of the company’s stock traded hands, compared to its average volume of 1,339,858. The firm has a market cap of $5.78 billion, a PE ratio of 28.73, a P/E/G ratio of 2.74 and a beta of 1.37. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $32.99 and a 200-day simple moving average of $30.14. Essential Properties Realty Trust has a 12 month low of $23.01 and a 12 month high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). The company had revenue of $117.13 million for the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. Equities research analysts forecast that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Essential Properties Realty Trust by 434.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company’s stock valued at $37,105,000 after purchasing an additional 883,053 shares during the period. Glenmede Trust Co. NA grew its stake in Essential Properties Realty Trust by 5.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,458 shares of the company’s stock valued at $562,000 after acquiring an additional 877 shares during the period. Quantbot Technologies LP raised its position in Essential Properties Realty Trust by 535.6% during the third quarter. Quantbot Technologies LP now owns 50,978 shares of the company’s stock worth $1,741,000 after acquiring an additional 42,958 shares during the period. FMR LLC raised its position in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock worth $141,336,000 after acquiring an additional 76,475 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Essential Properties Realty Trust by 840.9% in the third quarter. Bank of Montreal Can now owns 622,034 shares of the company’s stock valued at $21,242,000 after purchasing an additional 555,926 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

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.