Essential Properties Realty Trust's (EPRT) "Overweight" Rating Reaffirmed at Barclays

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Barclays in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a $37.00 price objective on the stock, up from their previous price objective of $35.00. Barclays's price target points to a potential upside of 16.06% from the company's previous close.

EPRT has been the subject of several other reports. B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. 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 report on Tuesday, May 13th. Truist Financial upped their price objective 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. Capital One Financial initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 target price for the company. Finally, Scotiabank lifted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded up $0.17 during mid-day trading on Wednesday, hitting $31.88. The stock had a trading volume of 1,107,233 shares, compared to its average volume of 1,431,637. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. Essential Properties Realty Trust has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. The firm has a market cap of $6.30 billion, a PE ratio of 27.97, a PEG ratio of 2.90 and a beta of 1.09. The company's 50-day simple moving average is $31.67 and its 200-day simple moving average is $31.95.

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). The business had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The company's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that Essential Properties Realty Trust will post 1.83 earnings per share for the current year.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the transaction, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This trade represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new position in Essential Properties Realty Trust during the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after acquiring an additional 468 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after acquiring an additional 1,119 shares during the period. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust in the first quarter valued at $42,000. Finally, Quarry LP increased its position in Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after purchasing an additional 1,182 shares during the period. 96.98% of the stock is currently owned by institutional investors.

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.