Barclays Reaffirms Overweight Rating for Essential Properties Realty Trust (NYSE:EPRT)

Essential Properties Realty Trust (NYSE:EPRT)‘s stock had its “overweight” rating reiterated by Barclays in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $37.00 target price on the stock, up from their previous target price of $35.00. Barclays‘s target price indicates a potential upside of 16.72% from the stock’s previous close.

A number of other analysts also recently commented on the company. Truist Financial upped their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective for the company. UBS Group dropped their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. B. Riley downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, Scotiabank upped their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.91.

Essential Properties Realty Trust Trading Down 0.5%

Shares of EPRT opened at $31.70 on Wednesday. The stock has a fifty day moving average of $31.66 and a two-hundred day moving average of $31.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market capitalization of $6.26 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust has a fifty-two week low of $26.07 and a fifty-two week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. As a group, analysts forecast that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen D. Sautel sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares of the company’s stock, valued at approximately $5,817,663.90. This represents a 6.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPRT. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its position in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after buying an additional 468 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after buying an additional 1,119 shares during the last quarter. Franchise Capital Ltd purchased a new position in Essential Properties Realty Trust in the 1st quarter valued at about $42,000. Finally, Quarry LP boosted its position in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company’s stock valued at $45,000 after buying an additional 1,182 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

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.