Essential Properties Realty Trust, Inc. (NYSE:EPRT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Essential Properties Realty Trust, Inc. (NYSE:EPRT) has received an average rating of "Moderate Buy" from analysts, with three hold recommendations and ten buy recommendations.
• The stock's average one-year price objective among brokerages is $34.90, reflecting recent upward and downward revisions by various institutions.
• The company recently increased its quarterly dividend to $0.30, representing a 3.9% dividend yield, despite a payout ratio of 101.69%.

Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.9038.

A number of brokerages recently weighed in on EPRT. Truist Financial raised their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. Barclays decreased their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Scotiabank raised their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, UBS Group decreased their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the sale, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of large investors have recently made changes to their positions in EPRT. TD Private Client Wealth LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $25,000. Franchise Capital Ltd bought a new stake in shares of Essential Properties Realty Trust during the first quarter valued at approximately $42,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Essential Properties Realty Trust during the second quarter valued at approximately $44,000. Quarry LP boosted its position in shares of Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Essential Properties Realty Trust during the first quarter valued at approximately $80,000. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $30.75 on Wednesday. The business's 50-day moving average price is $31.74 and its two-hundred day moving average price is $31.72. Essential Properties Realty Trust has a twelve month low of $27.44 and a twelve month high of $34.88. The stock has a market cap of $6.09 billion, a P/E ratio of 26.06, a PEG ratio of 2.32 and a beta of 1.07. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The business's revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. As a group, equities analysts predict that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a $0.30 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio is 101.69%.

Essential Properties Realty Trust Company Profile

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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