A number of firms have modified their ratings and price targets on shares of Essential Properties Realty Trust (NYSE: EPRT) recently:

  • 3/6/2019 – Essential Properties Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. “
  • 3/5/2019 – Essential Properties Realty Trust had its price target raised by analysts at Bank of America Corp from $14.00 to $16.50. They now have an “underperform” rating on the stock.
  • 3/5/2019 – Essential Properties Realty Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. “
  • 3/1/2019 – Essential Properties Realty Trust had its “buy” rating reaffirmed by analysts at Boenning Scattergood. They wrote, “We are correcting the addbacks to derive FFO based on company guidance, and our FFO estimate is now $1.15, compared to $1.25. Addbacks are idiosyncratic for many REITs, involving share-based comp, non-cash interest expense, and lease amortization, to name a few line items that caused our confusion. We focus on the calculation of NAV to set our price targets and we believe that NAV will expand from $16.45 at year-end 2018 to $17.50 at year-end 2019, as the company pursues acquisitions of about $400 million, by our estimation. Since we believe that the resulting portfolio will generate stable net operating income that will support dividends and could result in an improved valuation, we maintain an Outperform rating on the shares and raise our target to $18.00, a 3% premium to forward NAV (equal to the premium to trailing NAV).””
  • 2/25/2019 – Essential Properties Realty Trust is now covered by analysts at Raymond James. They set a “market perform” rating and a $16.70 price target on the stock.
  • 2/14/2019 – Essential Properties Realty Trust was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. “

Essential Properties Realty Trust stock opened at $18.17 on Monday. The company has a quick ratio of 6.18, a current ratio of 6.18 and a debt-to-equity ratio of 0.67. Essential Properties Realty Trust Inc has a 52-week low of $13.05 and a 52-week high of $18.43.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, March 28th.

Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Essential Properties Realty Trust by 42.7% during the fourth quarter. American Century Companies Inc. now owns 604,978 shares of the company’s stock valued at $8,373,000 after acquiring an additional 181,028 shares during the last quarter. Geode Capital Management LLC increased its position in Essential Properties Realty Trust by 55.3% during the fourth quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock valued at $5,263,000 after acquiring an additional 135,474 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Essential Properties Realty Trust during the fourth quarter valued at $759,000. Legal & General Group Plc increased its position in Essential Properties Realty Trust by 29.2% during the fourth quarter. Legal & General Group Plc now owns 6,976 shares of the company’s stock valued at $97,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in Essential Properties Realty Trust during the fourth quarter valued at $501,000. 98.68% of the stock is currently owned by institutional investors.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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