Essential Properties Realty Trust (NYSE:EPRT) was upgraded by research analysts at Bank of America from an “underperform” rating to a “buy” rating in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a $23.00 price target on the stock, up from their previous price target of $20.00. Bank of America‘s target price would suggest a potential upside of 7.93% from the company’s current price.

A number of other research firms have also issued reports on EPRT. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, March 6th. Barclays restated a “hold” rating and set a $18.00 price target on shares of Essential Properties Realty Trust in a report on Tuesday, April 16th. Boenning Scattergood reiterated a “buy” rating on shares of Essential Properties Realty Trust in a research note on Friday, March 1st. Credit Suisse Group upped their price objective on shares of Essential Properties Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, Berenberg Bank initiated coverage on shares of Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.22.

EPRT stock opened at $21.31 on Tuesday. Essential Properties Realty Trust has a 52-week low of $13.05 and a 52-week high of $21.68. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 0.49.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a net margin of 19.25% and a return on equity of 2.40%. The firm had revenue of $31.11 million for the quarter, compared to analyst estimates of $29.27 million. As a group, analysts expect that Essential Properties Realty Trust will post 1.16 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth approximately $37,000. Nisa Investment Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust in the first quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $37,000. RMR Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust in the first quarter valued at approximately $98,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 76.03% of the company’s stock.

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

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Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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