Mizuho Issues Pessimistic Forecast for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Essential Properties Realty Trust (NYSE:EPRT) had its price objective dropped by research analysts at Mizuho from $30.00 to $29.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 12.63% from the stock’s current price.

EPRT has been the topic of several other reports. Cantor Fitzgerald boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Truist Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Thursday, October 1st. They set a “buy” rating and a $31.00 price objective for the company. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Barclays decreased their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings lowered Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.57.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $25.75 on Monday. The firm has a 50-day simple moving average of $28.12 and a 200-day simple moving average of $30.11. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a 52 week low of $24.62 and a 52 week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The firm had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Essential Properties Realty Trust’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts predict that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.

Insider Activity at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the sale, the chief operating officer owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $1,183,153,000. Bank of America Corp DE purchased a new position in shares of Essential Properties Realty Trust during the second quarter worth approximately $52,056,000. Bank of New York Mellon Corp acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at $51,164,000. Legal & General Group Plc acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at $39,459,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Essential Properties Realty Trust by 14,648.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,263,798 shares of the company’s stock valued at $37,724,000 after acquiring an additional 1,255,229 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.