Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.39.

EPRT has been the topic of several analyst reports. Raymond James lifted their price target on Essential Properties Realty Trust from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, December 19th. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $26.25 to $26.50 in a research note on Thursday, February 16th. Citigroup reduced their price objective on Essential Properties Realty Trust to $22.00 in a research note on Tuesday, November 15th. Truist Financial upped their price target on Essential Properties Realty Trust from $27.00 to $29.00 in a research note on Monday, February 27th. Finally, Mizuho upped their price target on Essential Properties Realty Trust from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EPRT. Armstrong Advisory Group Inc. bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at $25,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at $34,000. Advisors Asset Management Inc. raised its stake in Essential Properties Realty Trust by 68.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Essential Properties Realty Trust by 49.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company’s stock valued at $36,000 after purchasing an additional 610 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter valued at $42,000. Institutional investors own 97.19% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $24.04 on Friday. Essential Properties Realty Trust has a twelve month low of $18.88 and a twelve month high of $26.75. The company’s 50 day moving average is $24.80 and its 200 day moving average is $22.89. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.47 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 3.28 and a beta of 1.28.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Thursday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 111.11%.

Essential Properties Realty Trust Company Profile

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Essential Properties Realty Trust, Inc engages in the acquisition, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.