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 presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.92.
EPRT has been the topic of a number of research reports. Mizuho boosted their price objective on Essential Properties Realty Trust from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 9th. Stifel Nicolaus dropped their price target on Essential Properties Realty Trust from $27.75 to $27.25 in a research note on Thursday, April 27th. Truist Financial upped their price target on Essential Properties Realty Trust from $27.00 to $29.00 in a research report on Monday, February 27th. Raymond James upped their price objective on shares of Essential Properties Realty Trust from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, April 6th. Finally, LADENBURG THALM/SH SH dropped their target price on shares of Essential Properties Realty Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 23rd.
Essential Properties Realty Trust Price Performance
Shares of NYSE:EPRT opened at $23.58 on Friday. The company has a quick ratio of 6.07, a current ratio of 6.07 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $24.40 and its 200-day moving average is $24.12. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.52 and a beta of 1.26. Essential Properties Realty Trust has a twelve month low of $18.88 and a twelve month high of $26.43.
Essential Properties Realty Trust Announces Dividend
Institutional Investors Weigh In On Essential Properties Realty Trust
Several hedge funds have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at $25,000. Advisors Asset Management Inc. raised its holdings in shares of Essential Properties Realty Trust by 68.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth $34,000. Quadrant Capital Group LLC increased its stake in Essential Properties Realty Trust by 49.6% in the third 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, Ellevest Inc. raised its stake in shares of Essential Properties Realty Trust by 177.9% during the fourth quarter. Ellevest Inc. now owns 2,340 shares of the company’s stock worth $55,000 after purchasing an additional 1,498 shares during the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.
About Essential Properties Realty Trust
Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. 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.
- Get a free copy of the StockNews.com research report on Essential Properties Realty Trust (EPRT)
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