Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $35.67 Consensus Target Price from Analysts

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.6667.

A number of analysts have commented on the company. Evercore reiterated an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. Barclays reaffirmed an “overweight” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, January 13th. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Mizuho increased their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, January 28th.

Essential Properties Realty Trust Stock Up 0.7%

NYSE EPRT opened at $33.68 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 6.37 and a current ratio of 6.37. The firm has a 50-day simple moving average of $30.84 and a 200 day simple moving average of $30.63. Essential Properties Realty Trust has a twelve month low of $27.44 and a twelve month high of $33.70. The stock has a market cap of $7.07 billion, a PE ratio of 26.31, a PEG ratio of 2.46 and a beta of 0.99.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.7%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 96.88%.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC boosted its stake in Essential Properties Realty Trust by 3.7% in the 4th quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after buying an additional 346 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Essential Properties Realty Trust by 11.9% in the 4th quarter. Signaturefd LLC now owns 4,110 shares of the company’s stock worth $122,000 after purchasing an additional 436 shares during the last quarter. Danske Bank A S increased its position in shares of Essential Properties Realty Trust by 26.3% during the 4th quarter. Danske Bank A S now owns 2,400 shares of the company’s stock worth $71,000 after purchasing an additional 500 shares in the last quarter. Finally, GSI Capital Advisors LLC increased its position in shares of Essential Properties Realty Trust by 0.3% during the 4th quarter. GSI Capital Advisors LLC now owns 147,682 shares of the company’s stock worth $4,380,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

About Essential Properties Realty Trust

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.