Essential Properties Realty Trust (NYSE:EPRT) Given New $40.00 Price Target at UBS Group

Essential Properties Realty Trust (NYSE:EPRT) had its target price lifted by UBS Group from $38.00 to $40.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Mizuho boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Evercore reaffirmed an “outperform” rating on shares of Essential Properties Realty Trust in a research note on Tuesday, February 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, January 28th. Finally, Barclays reiterated an “overweight” rating and issued a $37.00 price objective on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $36.11.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $34.16 on Monday. Essential Properties Realty Trust has a fifty-two week low of $27.44 and a fifty-two week high of $34.73. The company has a market cap of $7.17 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. The firm has a fifty day moving average price of $31.47 and a two-hundred day moving average price of $30.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.37 and a quick ratio of 6.37.

Institutional Trading of Essential Properties Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Essential Properties Realty Trust in the second quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares during the period. First Horizon Corp raised its position in shares of Essential Properties Realty Trust by 146.9% during the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after purchasing an additional 673 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Essential Properties Realty Trust during the third quarter worth about $46,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of Essential Properties Realty Trust by 664.4% during the 4th 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. Institutional investors and hedge funds own 96.98% of the company’s stock.

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.