By otakuyassine3@gmail.com 
Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Free Report) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $33.91.
EPRT has been the topic of several recent analyst reports. Truist Financial upped their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Scotiabank raised their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Barclays initiated coverage on Essential Properties Realty Trust in a research note on Tuesday, December 17th. They set an “overweight” rating and a $35.94 price target for the company. Finally, Evercore ISI increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.
View Our Latest Research Report on EPRT
Institutional Trading of Essential Properties Realty Trust
A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Essential Properties Realty Trust by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company’s stock worth $54,462,000 after acquiring an additional 98,467 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Essential Properties Realty Trust by 30.7% in the 3rd quarter. Tidal Investments LLC now owns 31,280 shares of the company’s stock valued at $1,068,000 after purchasing an additional 7,339 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Essential Properties Realty Trust during the 3rd quarter valued at $448,000. Coldstream Capital Management Inc. acquired a new stake in shares of Essential Properties Realty Trust during the 3rd quarter worth $216,000. Finally, Geode Capital Management LLC raised its position in shares of Essential Properties Realty Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock worth $152,642,000 after buying an additional 118,927 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.
Essential Properties Realty Trust Stock Performance
NYSE EPRT opened at $31.21 on Tuesday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $32.78 and its two-hundred day moving average is $31.46. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.74 and a beta of 1.38. Essential Properties Realty Trust has a 12-month low of $23.58 and a 12-month high of $34.88.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 27.8% compared to the same quarter last year. Research analysts expect that Essential Properties Realty Trust will post 1.68 EPS for the current year.
Essential Properties Realty Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.
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.
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