Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $28.22 Average PT from Brokerages

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has been given an average rating of “Buy” by the nine research firms that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.22.

EPRT has been the topic of several research analyst reports. Stifel Nicolaus increased 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 report on Tuesday, March 19th. B. Riley reiterated a “buy” rating and set a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Raymond James boosted their price target on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets began coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective on the stock. Finally, Mizuho dropped their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 7th.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $25.48 on Thursday. The stock has a market cap of $4.32 billion, a PE ratio of 20.55, a P/E/G ratio of 1.86 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01. The firm has a 50-day moving average of $25.17 and a 200-day moving average of $24.35. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $26.77.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 91.94%.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 17,618 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.90, for a total value of $438,688.20. Following the transaction, the chief executive officer now directly owns 353,303 shares of the company’s stock, valued at approximately $8,797,244.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the completion of the transaction, the chief executive officer now directly owns 554,904 shares in the company, valued at $14,433,053.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 17,618 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $24.90, for a total value of $438,688.20. Following the completion of the sale, the chief executive officer now directly owns 353,303 shares in the company, valued at approximately $8,797,244.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,524 shares of company stock worth $1,113,438. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Essential Properties Realty Trust by 0.5% in the third quarter. Vanguard Group Inc. now owns 24,730,518 shares of the company’s stock valued at $534,921,000 after buying an additional 134,840 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Essential Properties Realty Trust by 0.8% in the first quarter. Wellington Management Group LLP now owns 11,118,105 shares of the company’s stock worth $281,288,000 after acquiring an additional 92,469 shares during the last quarter. State Street Corp boosted its stake in shares of Essential Properties Realty Trust by 3.8% in the 2nd quarter. State Street Corp now owns 9,514,224 shares of the company’s stock valued at $226,581,000 after purchasing an additional 347,171 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Essential Properties Realty Trust by 36.6% in the 3rd quarter. Invesco Ltd. now owns 6,015,270 shares of the company’s stock valued at $130,110,000 after purchasing an additional 1,611,484 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Essential Properties Realty Trust by 11.9% during the 3rd quarter. Morgan Stanley now owns 5,856,247 shares of the company’s stock valued at $126,671,000 after purchasing an additional 624,439 shares during the last quarter. Institutional investors and hedge funds own 96.98% 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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.