Essential Properties Realty Trust (NYSE:EPRT) Price Target Cut to $35.00 by Analysts at Barclays

Essential Properties Realty Trust (NYSE:EPRT) had its target price cut by stock analysts at Barclays from $36.00 to $35.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 10.02% from the stock’s current price.

A number of other research analysts have also weighed in on EPRT. Mizuho lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. UBS Group raised their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Scotiabank upped their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.85.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $31.81 on Tuesday. Essential Properties Realty Trust has a 52 week low of $23.58 and a 52 week high of $34.88. The firm’s 50-day simple moving average is $32.05 and its two-hundred day simple moving average is $32.07. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.94 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock valued at $345,535,000 after purchasing an additional 96,615 shares in the last quarter. Geode Capital Management LLC lifted 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 during the period. FMR LLC raised its holdings in shares of Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after purchasing an additional 76,475 shares during the last quarter. Principal Financial Group Inc. lifted its position in Essential Properties Realty Trust by 18.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company’s stock valued at $92,246,000 after purchasing an additional 469,610 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 during the last quarter. Institutional investors own 96.98% of the company’s stock.

About Essential Properties Realty Trust

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.