Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $39.00

Essential Properties Realty Trust (NYSE:EPRT) had its price target upped by stock analysts at UBS Group from $36.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 14.84% from the stock’s previous close.

Several other brokerages have also recently issued reports on EPRT. The Goldman Sachs Group initiated coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They issued a “buy” rating and a $33.00 price objective for the company. 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 price target on the stock. Truist Financial boosted their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Raymond James raised their target price on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $37.00 price target (up from $34.00) on shares of Essential Properties Realty Trust in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.06.

Essential Properties Realty Trust Stock Up 1.4 %

Shares of EPRT stock traded up $0.47 during trading hours on Wednesday, reaching $33.96. 73,414 shares of the company’s stock were exchanged, compared to its average volume of 1,356,117. The stock has a market cap of $5.95 billion, a PE ratio of 27.52, a PEG ratio of 2.78 and a beta of 1.37. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $32.10 and its two-hundred day moving average price is $29.10. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results 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 company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.99 million. During the same quarter in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. Research analysts predict that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the company’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 sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Large investors have recently made changes to their positions in the company. Creative Planning grew its holdings in Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock worth $459,000 after acquiring an additional 558 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Essential Properties Realty Trust by 5.3% during the first quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock worth $343,000 after purchasing an additional 654 shares in the last quarter. CWM LLC increased its holdings in Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Essential Properties Realty Trust by 7.8% in the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after buying an additional 772 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Essential Properties Realty Trust by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock valued at $1,180,000 after buying an additional 800 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other 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.