Analysts Set Essential Properties Realty Trust, Inc. (NYSE:EPRT) Price Target at $33.17

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.17.

EPRT has been the subject of several recent research reports. Truist boosted their price target on Essential Properties Realty Trust from $28.00 to $32.00 and gave the company a “buy” rating in a report on Monday, August 16th. They noted that the move was a valuation call. Mizuho boosted their target price on Essential Properties Realty Trust from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, August 24th. Credit Suisse Group increased their price target on Essential Properties Realty Trust from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 12th. Truist Securities increased their target price on Essential Properties Realty Trust from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 16th. Finally, Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday.

Essential Properties Realty Trust stock opened at $28.48 on Monday. The stock has a market cap of $3.46 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 1.71 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.35 and a current ratio of 3.35. Essential Properties Realty Trust has a one year low of $19.68 and a one year high of $32.92. The stock has a fifty day moving average of $29.16 and a 200 day moving average of $28.66.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Sunday, October 31st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Essential Properties Realty Trust had a return on equity of 3.89% and a net margin of 34.78%. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, sell-side analysts predict that Essential Properties Realty Trust will post 1.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 161.29%.

Several institutional investors and hedge funds have recently made changes to their positions in EPRT. BlackRock Inc. increased its stake in Essential Properties Realty Trust by 20.0% during the 2nd quarter. BlackRock Inc. now owns 20,958,823 shares of the company’s stock worth $566,727,000 after buying an additional 3,498,099 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 15,545,355 shares of the company’s stock valued at $420,346,000 after buying an additional 3,224,481 shares during the period. Deutsche Bank AG boosted its holdings in shares of Essential Properties Realty Trust by 7.3% in the 3rd quarter. Deutsche Bank AG now owns 5,624,994 shares of the company’s stock valued at $157,050,000 after buying an additional 382,005 shares during the period. State Street Corp boosted its holdings in shares of Essential Properties Realty Trust by 10.6% in the 2nd quarter. State Street Corp now owns 5,609,099 shares of the company’s stock valued at $153,056,000 after buying an additional 537,421 shares during the period. Finally, Invesco Ltd. boosted its stake in Essential Properties Realty Trust by 53.0% during the 3rd quarter. Invesco Ltd. now owns 4,822,306 shares of the company’s stock valued at $134,640,000 after purchasing an additional 1,669,611 shares during the period. Institutional investors own 97.70% of the company’s stock.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister Car Wash, Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.

Read More: Fundamental Analysis

Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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