Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $34.91.

EPRT has been the topic of a number of research reports. Barclays reiterated an "overweight" rating and issued a $37.00 price target (up previously from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Truist Financial lifted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Scotiabank boosted their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, UBS Group dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the transaction, the vice president now owns 76,590 shares of the company's stock, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.77% of the company's stock.

Institutional Trading of Essential Properties Realty Trust

A number of institutional investors have recently bought and sold shares of EPRT. Crowley Wealth Management Inc. purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at $28,000. Jones Financial Companies Lllp grew its holdings in Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares during the last quarter. Franchise Capital Ltd bought a new position in Essential Properties Realty Trust during the 1st quarter valued at about $42,000. Quarry LP raised its position in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after purchasing an additional 1,802 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Price Performance

EPRT traded down $0.12 on Tuesday, hitting $32.52. 1,016,225 shares of the company's stock traded hands, compared to its average volume of 1,457,684. The company's 50 day simple moving average is $32.10 and its 200-day simple moving average is $31.84. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 0.55. Essential Properties Realty Trust has a one year low of $26.75 and a one year high of $34.88. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.47 and a beta of 1.10.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $129.35 million for the quarter, compared to the consensus estimate of $124.88 million. During the same quarter in the previous year, the business earned $0.42 EPS. The company's quarterly revenue was up 24.9% on a year-over-year basis. As a group, research analysts anticipate that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. Essential Properties Realty Trust's dividend payout ratio is 102.61%.

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.