Analysts Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) PT at $28.22

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Free Report) have been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.22.

EPRT has been the subject of several research analyst reports. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BMO Capital Markets initiated coverage on shares of Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Finally, Mizuho cut their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 7th.

Check Out Our Latest Research Report on Essential Properties Realty Trust

Insider Activity

In other news, CEO Peter M. Mavoides sold 5,494 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $26.05, for a total value of $143,118.70. Following the completion of the sale, the chief executive officer now owns 414,506 shares of the company’s stock, valued at approximately $10,797,881.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,494 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $26.05, for a total transaction of $143,118.70. Following the completion of the sale, the chief executive officer now owns 414,506 shares of the company’s stock, valued at approximately $10,797,881.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter M. Mavoides sold 17,618 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $24.90, for a total transaction of $438,688.20. Following the sale, the chief executive officer now directly owns 353,303 shares of the company’s stock, valued at approximately $8,797,244.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,448 shares of company stock valued at $1,466,835. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several institutional investors have recently added to or reduced their stakes in EPRT. Deutsche Bank AG raised its holdings in Essential Properties Realty Trust by 31.4% in the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock worth $114,762,000 after purchasing an additional 1,267,534 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Essential Properties Realty Trust by 9.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock valued at $1,078,000 after purchasing an additional 4,105 shares during the last quarter. Victory Capital Management Inc. grew its position in Essential Properties Realty Trust by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock valued at $24,510,000 after purchasing an additional 63,496 shares during the last quarter. Rhumbline Advisers grew its position in Essential Properties Realty Trust by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock valued at $12,033,000 after purchasing an additional 62,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Essential Properties Realty Trust during the 3rd quarter valued at about $715,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $26.15 on Friday. Essential Properties Realty Trust has a twelve month low of $20.49 and a twelve month high of $26.39. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.34 billion, a PE ratio of 21.09, a P/E/G ratio of 1.89 and a beta of 1.27. The firm has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $23.97.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.285 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.36%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 91.94%.

About Essential Properties Realty Trust

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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.

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

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