Essential Properties Realty Trust Inc (EPRT) Given Average Rating of “Buy” by Analysts

Shares of Essential Properties Realty Trust Inc (NYSE:EPRT) have received an average rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.71.

EPRT has been the subject of a number of analyst reports. Bank of America increased their price objective on Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a research note on Tuesday, March 5th. SunTrust Banks increased their price objective on Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Berenberg Bank initiated coverage on Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They set a “buy” rating for the company. Finally, Boenning Scattergood reissued a “buy” rating on shares of Essential Properties Realty Trust in a research note on Friday, March 1st.

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new stake in Essential Properties Realty Trust in the first quarter worth $37,000. Nisa Investment Advisors LLC purchased a new stake in Essential Properties Realty Trust in the first quarter worth $40,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Essential Properties Realty Trust in the fourth quarter worth $37,000. RMR Advisors LLC purchased a new stake in Essential Properties Realty Trust in the first quarter worth $98,000. Finally, Legal & General Group Plc lifted its stake in Essential Properties Realty Trust by 35.0% in the third quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after acquiring an additional 1,399 shares during the period. 98.32% of the stock is owned by institutional investors.

Shares of EPRT opened at $20.38 on Friday. The company has a current ratio of 6.18, a quick ratio of 6.18 and a debt-to-equity ratio of 0.67. Essential Properties Realty Trust has a 1 year low of $13.05 and a 1 year high of $20.95.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). The firm had revenue of $31.11 million during the quarter, compared to analysts’ expectations of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.58% and a net margin of 19.25%. Sell-side analysts anticipate that Essential Properties Realty Trust will post 1.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Thursday, March 28th.

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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