Essential Properties Realty Trust (NYSE:EPRT) Now Covered by Barclays

Investment analysts at Barclays assumed coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research note issued on Tuesday,Benzinga reports. The firm set an “overweight” rating and a $35.94 price target on the stock. Barclays‘s price objective would indicate a potential upside of 9.44% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Raymond James upped their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. 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 note on Thursday, October 3rd. UBS Group lifted their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus increased their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.91.

Essential Properties Realty Trust Trading Down 0.2 %

EPRT opened at $32.84 on Tuesday. The stock has a market capitalization of $5.76 billion, a PE ratio of 28.56, a P/E/G ratio of 2.74 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust has a 12-month low of $23.58 and a 12-month high of $34.88. The firm’s fifty day moving average price is $33.06 and its 200 day moving average price is $31.19.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS 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 the consensus estimate of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. As a group, research analysts expect that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in shares of Essential Properties Realty Trust by 30.7% in the third quarter. Tidal Investments LLC now owns 31,280 shares of the company’s stock worth $1,068,000 after acquiring an additional 7,339 shares during the last quarter. World Investment Advisors LLC bought a new position in Essential Properties Realty Trust in the 3rd quarter worth approximately $448,000. Coldstream Capital Management Inc. bought a new position in Essential Properties Realty Trust in the 3rd quarter valued at $216,000. Geode Capital Management LLC increased its stake in shares of Essential Properties Realty Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after buying an additional 118,927 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth $69,473,000. 96.98% of the stock is owned by institutional investors and hedge funds.

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.