UBS Group Issues Positive Forecast for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Key Points

• UBS Group has raised its price target for Essential Properties Realty Trust from $36.00 to $38.00, reflecting a potential upside of 25.37% from the stock's current price.
• The stock currently holds an average rating of "Moderate Buy" with ten analysts recommending a buy and three ratings for holding.
• Essential Properties Realty Trust reported $0.46 earnings per share in its latest earnings release, slightly missing analyst expectations of $0.47.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price target hoisted by UBS Group from $36.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 25.52% from the company's previous close.

A number of other equities research analysts have also issued reports on the stock. Barclays cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Truist Financial raised their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Scotiabank boosted their price target on shares of 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.06.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded down $0.15 during trading hours on Friday, hitting $30.28. 1,193,412 shares of the stock traded hands, compared to its average volume of 1,647,304. The stock has a 50 day moving average price of $31.32 and a 200 day moving average price of $31.63. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. 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 issued its 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 firm had revenue of $129.11 million during the quarter, compared to the consensus estimate of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%. The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Sell-side analysts forecast that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust 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 sale, the vice president directly owned 76,590 shares of the company's stock, valued at $2,524,406.40. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.81% of the company's stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of EPRT. Hudson Bay Capital Management LP raised its holdings in Essential Properties Realty Trust by 101.4% during the 2nd quarter. Hudson Bay Capital Management LP now owns 565,130 shares of the company's stock valued at $18,033,000 after buying an additional 284,502 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Essential Properties Realty Trust by 13.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 673,401 shares of the company's stock worth $21,488,000 after acquiring an additional 78,133 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Essential Properties Realty Trust by 13.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,529 shares of the company's stock worth $275,000 after purchasing an additional 1,018 shares during the period. Headlands Technologies LLC boosted its stake in shares of Essential Properties Realty Trust by 196.1% during the 2nd quarter. Headlands Technologies LLC now owns 7,260 shares of the company's stock worth $232,000 after purchasing an additional 4,808 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Essential Properties Realty Trust by 11.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 376,358 shares of the company's stock valued at $11,997,000 after purchasing an additional 37,826 shares during the last quarter. 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, 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.