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

Essential Properties Realty Trust (NYSE:EPRT) had its price target upped by stock analysts at UBS Group from $38.00 to $40.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 17.09% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays reiterated an “overweight” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research note on Tuesday, January 13th. Scotiabank raised their price objective on Essential Properties Realty Trust from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research note on Wednesday, January 28th. Mizuho increased their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock traded down $0.18 on Monday, hitting $34.16. The company’s stock had a trading volume of 2,089,401 shares, compared to its average volume of 1,968,009. Essential Properties Realty Trust has a one year low of $27.44 and a one year high of $34.73. The firm has a market cap of $7.17 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $31.39 and a 200-day moving average price of $30.79.

Institutional Trading of Essential Properties Realty Trust

A number of institutional investors have recently made changes to their positions in EPRT. Twin Peaks Wealth Advisors LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth $26,000. EverSource Wealth Advisors LLC increased its stake in Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the last quarter. First Horizon Corp increased its stake in Essential Properties Realty Trust by 146.9% in the 4th quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after buying an additional 673 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth about $46,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Essential Properties Realty Trust by 664.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after buying an additional 1,382 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 (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.