Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $34.00

Essential Properties Realty Trust (NYSE:EPRT) had its target price boosted by Evercore ISI from $33.00 to $34.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 2.53% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised their price objective on Essential Properties Realty Trust from $31.25 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company increased their target price on shares of Essential Properties Realty Trust from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Wedbush began coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 price target on the stock. Finally, Truist Financial upped their price target on shares of Essential Properties Realty Trust from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.81.

Essential Properties Realty Trust Trading Up 0.2 %

Shares of NYSE:EPRT opened at $33.16 on Monday. Essential Properties Realty Trust has a 1-year low of $20.49 and a 1-year high of $33.60. The company has a 50 day moving average price of $30.61 and a 200 day moving average price of $27.93. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.73 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, research analysts anticipate that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the completion of the transaction, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,592 shares of company stock worth $1,863,808. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several hedge funds have recently modified their holdings of the business. Asset Dedication LLC bought a new position in Essential Properties Realty Trust during the second quarter worth $27,000. Quarry LP increased its holdings in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares during the period. Heritage Wealth Advisors raised its position in shares of Essential Properties Realty Trust by 71.4% during the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at about $31,000. Finally, CWM LLC grew its position in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after buying an additional 686 shares in the last quarter. 96.98% of the stock is owned by institutional investors.

About Essential Properties Realty Trust

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.