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

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has been given an average rating of “Buy” by the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $36.60.

Several equities analysts have recently weighed in on EPRT shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research note on Friday, February 13th. Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Barclays restated an “overweight” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Scotiabank raised their target price on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, UBS Group lifted their price target on shares of Essential Properties Realty Trust from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, March 9th.

Institutional Inflows and Outflows

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

Essential Properties Realty Trust Stock Down 1.1%

Shares of Essential Properties Realty Trust stock opened at $32.74 on Thursday. The business’s 50 day simple moving average is $31.93 and its 200 day simple moving average is $30.91. Essential Properties Realty Trust has a 52-week low of $27.44 and a 52-week high of $34.73. The firm has a market cap of $6.87 billion, a PE ratio of 25.58, a P/E/G ratio of 2.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 6.37 and a current ratio of 6.37.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.8%. Essential Properties Realty Trust’s payout ratio is currently 96.88%.

Essential Properties Realty Trust Company Profile

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.