Mizuho Forecasts Strong Price Appreciation for Essential Properties Realty Trust (NYSE:EPRT) Stock

Essential Properties Realty Trust (NYSE:EPRT) had its price target boosted by equities researchers at Mizuho from $31.00 to $35.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 6.51% from the stock’s current price.

EPRT has been the subject of a number of other reports. Evercore ISI upped their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. UBS Group boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Raymond James raised their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $33.37.

Essential Properties Realty Trust Stock Up 0.6 %

Shares of NYSE EPRT opened at $32.86 on Thursday. The stock has a market capitalization of $5.76 billion, a PE ratio of 28.57, a P/E/G ratio of 2.75 and a beta of 1.37. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $33.01 and a 200-day moving average of $30.20. Essential Properties Realty Trust has a 52-week low of $23.01 and a 52-week high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The firm had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. On average, analysts anticipate that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. This represents a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several institutional investors have recently made changes to their positions in EPRT. Vanguard Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after acquiring an additional 1,060,079 shares during the period. State Street Corp increased its position in Essential Properties Realty Trust by 1.0% in the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company’s stock valued at $345,535,000 after acquiring an additional 96,615 shares during the period. Geode Capital Management LLC raised its stake in Essential Properties Realty Trust by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after acquiring an additional 118,927 shares in the last quarter. FMR LLC boosted its position in Essential Properties Realty Trust by 1.9% during the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company’s stock worth $141,336,000 after acquiring an additional 76,475 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Essential Properties Realty Trust by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock worth $96,637,000 after purchasing an additional 141,612 shares in the last quarter. 96.98% of the stock is owned by institutional investors.

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.