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

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price objective decreased by stock analysts at Barclays from $37.00 to $36.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 18.13% from the company's previous close.

Several other brokerages have also weighed in on EPRT. UBS Group cut their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, July 16th. Truist Financial raised their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Scotiabank lifted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.90.

Essential Properties Realty Trust Trading Down 0.0%

NYSE EPRT traded down $0.02 during trading hours on Monday, reaching $30.48. The company had a trading volume of 1,694,864 shares, compared to its average volume of 1,503,035. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $6.02 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The stock has a 50-day moving average of $32.03 and a 200 day moving average of $31.78. Essential Properties Realty Trust has a 1-year low of $27.44 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The firm had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. During the same quarter in the prior year, the business earned $0.42 EPS. The company's quarterly revenue was up 24.9% compared to the same quarter last year. As a group, research analysts anticipate that Essential Properties Realty Trust will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president owned 76,590 shares in the company, valued at approximately $2,524,406.40. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter worth about $25,000. Crowley Wealth Management Inc. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at approximately $28,000. Franchise Capital Ltd acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $42,000. Quarry LP raised its position in shares of Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after acquiring an additional 1,182 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Essential Properties Realty Trust during the 1st quarter worth approximately $80,000. Institutional investors own 96.98% of the company's stock.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.

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