Mizuho Issues Positive Forecast for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Essential Properties Realty Trust (NYSE:EPRT) had its target price raised by Mizuho from $33.00 to $37.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, January 28th. Truist Financial raised their price objective on Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Barclays reissued an “overweight” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research note on Tuesday, January 13th. Finally, Scotiabank raised their price target on Essential Properties Realty Trust from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.56.

Essential Properties Realty Trust Stock Down 2.0%

Shares of NYSE:EPRT opened at $33.02 on Wednesday. The company has a 50 day moving average price of $31.61 and a two-hundred day moving average price of $30.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 6.37 and a current ratio of 6.37. The company has a market capitalization of $6.93 billion, a PE ratio of 25.80, a PEG ratio of 2.48 and a beta of 0.95. Essential Properties Realty Trust has a 52 week low of $27.44 and a 52 week high of $34.73.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is 96.88%.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in EPRT. Twin Peaks Wealth Advisors LLC acquired a new position in Essential Properties Realty Trust in the 2nd quarter worth $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. First Horizon Corp raised its stake in shares of Essential Properties Realty Trust by 146.9% in the 4th quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after purchasing an additional 673 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Essential Properties Realty Trust in the third quarter valued at about $46,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after purchasing an additional 1,382 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.