Essential Properties Realty Trust Inc (NYSE:EPRT) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.07.
Several research analysts have commented on the stock. Evercore ISI set a $21.00 price objective on shares of Essential Properties Realty Trust and gave the company a “hold” rating in a research report on Wednesday, August 7th. Citigroup raised their target price on Essential Properties Realty Trust from $20.50 to $22.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Barclays reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Essential Properties Realty Trust in a research note on Sunday, October 13th.
In related news, COO Gregg A. Seibert bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $22.48 per share, with a total value of $112,400.00. Company insiders own 2.10% of the company’s stock.
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Essential Properties Realty Trust by 76.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,789 shares of the company’s stock worth $41,000 after buying an additional 777 shares during the period. Brasada Capital Management LP raised its stake in shares of Essential Properties Realty Trust by 1.7% during the third quarter. Brasada Capital Management LP now owns 61,600 shares of the company’s stock valued at $1,411,000 after acquiring an additional 1,000 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Essential Properties Realty Trust during the third quarter worth $37,000. Swiss National Bank lifted its holdings in shares of Essential Properties Realty Trust by 2.0% during the second quarter. Swiss National Bank now owns 88,500 shares of the company’s stock worth $1,774,000 after purchasing an additional 1,700 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Essential Properties Realty Trust in the third quarter worth $48,000.
EPRT stock traded down $0.09 during mid-day trading on Thursday, hitting $25.86. The stock had a trading volume of 5,818 shares, compared to its average volume of 1,465,232. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust has a 52 week low of $13.06 and a 52 week high of $27.10. The firm has a market capitalization of $2.11 billion, a P/E ratio of 44.98, a P/E/G ratio of 2.05 and a beta of 0.45. The firm has a fifty day simple moving average of $25.52 and a 200 day simple moving average of $22.54.
Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.11). Essential Properties Realty Trust had a net margin of 25.70% and a return on equity of 3.33%. The firm had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.78 million. As a group, equities analysts expect that Essential Properties Realty Trust will post 1.14 earnings per share for the current fiscal year.
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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
Recommended Story: What causes a stock to be most active?
Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.