Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $34.00 at Evercore ISI

Essential Properties Realty Trust (NYSE:EPRT) had its price objective lifted by Evercore ISI from $33.00 to $34.00 in a research report sent to investors on Monday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a buy rating in a research note on Thursday, July 18th. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an outperform rating and a $34.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a research note on Friday, June 28th. They issued a buy rating and a $33.00 target price for the company. Scotiabank raised their target price on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a sector perform rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised their target price on shares of Essential Properties Realty Trust from $31.00 to $34.00 and gave the company an overweight rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $31.81.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $33.65 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90. The firm’s 50 day moving average price is $30.72 and its 200-day moving average price is $27.99. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $33.95. The company has a market cap of $5.90 billion, a PE ratio of 27.36, a P/E/G ratio of 2.73 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.99 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 26.4% on a year-over-year basis. Sell-side analysts forecast that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. Essential Properties Realty Trust’s payout ratio is currently 94.31%.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Peter M. Mavoides sold 20,863 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $27.54, for a total transaction of $574,567.02. Following the completion of the transaction, the chief executive officer now owns 514,464 shares of the company’s stock, valued at $14,168,338.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,592 shares of company stock worth $1,863,808. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Essential Properties Realty Trust in the second quarter valued at $622,000. Truist Financial Corp increased its holdings in Essential Properties Realty Trust by 6.1% in the second quarter. Truist Financial Corp now owns 78,649 shares of the company’s stock valued at $2,179,000 after buying an additional 4,515 shares in the last quarter. Quarry LP increased its holdings in Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after buying an additional 1,027 shares in the last quarter. Creative Planning increased its holdings in Essential Properties Realty Trust by 19.8% in the second quarter. Creative Planning now owns 12,892 shares of the company’s stock valued at $357,000 after buying an additional 2,127 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Essential Properties Realty Trust in the second quarter valued at $473,000. Hedge funds and other institutional investors 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.