Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives Average Rating of “Buy” from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Free Report) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $28.56.

A number of equities research analysts have weighed in on EPRT shares. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price objective for the company. Stifel Nicolaus increased their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $28.50 in a report on Friday, March 22nd. B. Riley reissued a “buy” rating and issued a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Mizuho increased their price objective on Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

Get Our Latest Stock Analysis on EPRT

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the completion of the transaction, the chief executive officer now owns 571,606 shares in the company, valued at approximately $13,918,606.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of Essential Properties Realty Trust stock in a transaction on Friday, March 8th. The stock was sold at an average price of $25.08, for a total transaction of $143,307.12. Following the sale, the chief executive officer now owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust stock in a transaction on Monday, March 4th. The shares were sold at an average price of $24.35, for a total value of $289,862.40. Following the sale, the chief executive officer now directly owns 571,606 shares in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,906 shares of company stock worth $1,351,999. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in shares of Essential Properties Realty Trust in the 4th quarter worth $26,000. Heritage Wealth Advisors raised its stake in shares of Essential Properties Realty Trust by 71.4% in the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after buying an additional 500 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Essential Properties Realty Trust in the 4th quarter worth $31,000. Signaturefd LLC raised its stake in shares of Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after buying an additional 2,167 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Essential Properties Realty Trust by 15.5% in the 4th quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company’s stock worth $168,000 after buying an additional 881 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $27.54 on Monday. The stock has a 50 day moving average price of $26.07 and a 200 day moving average price of $25.14. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.26. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $27.70.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.285 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 annualized dividend and a dividend yield of 4.14%. Essential Properties Realty Trust’s payout ratio is 92.68%.

Essential Properties Realty Trust Company Profile

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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.

Further Reading

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

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