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

Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.94.

A number of analysts have recently commented on the stock. Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, December 8th. Citigroup cut their price target on shares of Essential Properties Realty Trust to $22.00 in a research report on Tuesday, November 15th. Truist Financial decreased their price objective on Essential Properties Realty Trust from $28.00 to $25.00 in a report on Friday, November 11th. Evercore ISI dropped their target price on Essential Properties Realty Trust from $26.00 to $24.00 in a report on Tuesday, September 27th. Finally, Raymond James raised their price target on Essential Properties Realty Trust from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, December 19th.

Essential Properties Realty Trust Trading Down 1.1 %

NYSE EPRT opened at $24.10 on Friday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.76 and a beta of 1.28. Essential Properties Realty Trust has a 52 week low of $18.88 and a 52 week high of $26.80. The stock’s 50 day moving average price is $23.28 and its two-hundred day moving average price is $22.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.58 and a current ratio of 7.58.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.56%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.27. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 112.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EPRT. Armstrong Advisory Group Inc. acquired a new stake in Essential Properties Realty Trust during the 4th quarter valued at $25,000. Advisors Asset Management Inc. lifted its stake in shares of Essential Properties Realty Trust by 68.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock worth $33,000 after buying an additional 690 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Essential Properties Realty Trust by 49.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company’s stock worth $36,000 after buying an additional 610 shares during the period. Wipfli Financial Advisors LLC acquired a new position in Essential Properties Realty Trust in the 3rd quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC bought a new position in Essential Properties Realty Trust in the 2nd quarter valued at about $92,000. 97.19% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Company Profile

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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.