Essential Properties Realty Trust (NYSE:EPRT) PT Lowered to $28.00 at Truist Financial

Essential Properties Realty Trust (NYSE:EPRTGet Rating) had its price objective reduced by Truist Financial from $32.00 to $28.00 in a research report issued on Monday, The Fly reports. Truist Financial’s price target indicates a potential upside of 21.05% from the company’s current price.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, May 11th. LADENBURG THALM/SH SH lifted their target price on Essential Properties Realty Trust from $27.00 to $28.50 in a research note on Tuesday, March 1st. Raymond James dropped their target price on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, March 11th. Mizuho downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $28.00 in a report on Thursday, January 20th. Finally, Bank of America cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $30.00 in a research note on Thursday, January 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $29.81.

EPRT stock opened at $23.13 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 has a market capitalization of $3.03 billion, a P/E ratio of 26.28, a PEG ratio of 1.99 and a beta of 1.35. The business has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $26.36. Essential Properties Realty Trust has a twelve month low of $21.47 and a twelve month high of $32.92.

Essential Properties Realty Trust (NYSE:EPRTGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 42.54% and a return on equity of 5.15%. During the same quarter in the previous year, the company posted $0.27 earnings per share. Research analysts predict that Essential Properties Realty Trust will post 1.55 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in EPRT. Balyasny Asset Management LLC purchased a new position in Essential Properties Realty Trust in the third quarter valued at about $6,995,000. Daiwa Securities Group Inc. increased its stake in Essential Properties Realty Trust by 12.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 35,822 shares of the company’s stock valued at $1,033,000 after purchasing an additional 4,034 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Essential Properties Realty Trust during the third quarter worth $247,000. Brown Advisory Inc. boosted its position in Essential Properties Realty Trust by 2.1% during the fourth quarter. Brown Advisory Inc. now owns 1,690,825 shares of the company’s stock worth $48,746,000 after purchasing an additional 35,531 shares in the last quarter. Finally, AlphaCrest Capital Management LLC grew its holdings in Essential Properties Realty Trust by 107.1% in the fourth quarter. AlphaCrest Capital Management LLC now owns 33,758 shares of the company’s stock valued at $973,000 after purchasing an additional 17,458 shares during the last quarter. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

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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