Essential Properties Realty Trust (NYSE:EPRT) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Analysts at Royal Bank of Canada assumed coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research note issued to investors on Friday, The Fly reports. The firm set a “sector perform” rating on the stock.

Other analysts have also issued research reports about the stock. SunTrust Banks reiterated a “buy” rating and set a $30.00 price target on shares of Yext in a research report on Monday, March 18th. Credit Suisse Group set a GBX 190 ($2.48) price target on shares of Barclays and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $19.12.

NYSE EPRT opened at $19.77 on Friday. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $20.79. Essential Properties Realty Trust has a 1 year low of $13.05 and a 1 year high of $21.83.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly 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 for the quarter, compared to analyst estimates of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. Equities analysts expect that Essential Properties Realty Trust will post 1.17 EPS for the current year.

In other news, insider Peter M. Mavoides sold 43,891 shares of Essential Properties Realty Trust stock in a transaction on Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $869,919.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregg A. Seibert sold 24,352 shares of Essential Properties Realty Trust stock in a transaction on Friday, June 28th. The stock was sold at an average price of $19.82, for a total transaction of $482,656.64. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in shares of Essential Properties Realty Trust by 7.3% during the first quarter. State of Alaska Department of Revenue now owns 11,493 shares of the company’s stock worth $223,000 after purchasing an additional 784 shares during the period. Foundry Partners LLC lifted its holdings in shares of Essential Properties Realty Trust by 5.0% during the first quarter. Foundry Partners LLC now owns 28,320 shares of the company’s stock worth $553,000 after purchasing an additional 1,350 shares during the period. Legal & General Group Plc raised its stake in Essential Properties Realty Trust by 29.2% during the fourth quarter. Legal & General Group Plc now owns 6,976 shares of the company’s stock worth $97,000 after buying an additional 1,577 shares during the last quarter. Penserra Capital Management LLC bought a new position in Essential Properties Realty Trust during the first quarter worth $37,000. Finally, Nisa Investment Advisors LLC bought a new position in Essential Properties Realty Trust during the first quarter worth $40,000. 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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The Fly

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

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