Mizuho Increases Essential Properties Realty Trust (NYSE:EPRT) Price Target to $29.00

Essential Properties Realty Trust (NYSE:EPRT - Free Report) had its price objective hoisted by Mizuho from $26.00 to $29.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets began coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an outperform rating and a $29.00 price target on the stock. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a buy rating in a research note on Tuesday, March 19th. B. Riley reaffirmed a buy rating and issued a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Citigroup raised shares of Essential Properties Realty Trust from a neutral rating to a buy rating and upped their price objective for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $28.56.

Essential Properties Realty Trust Stock Up 0.1 %

Shares of Essential Properties Realty Trust stock traded up $0.02 during trading on Friday, reaching $27.14. The stock had a trading volume of 813,356 shares, compared to its average volume of 1,163,397. Essential Properties Realty Trust has a 52 week low of $20.49 and a 52 week high of $27.49. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $25.81 and a two-hundred day moving average price of $24.88. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.00 and a beta of 1.26.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.285 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.20%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 92.68%.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 25,000 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the transaction, the director now directly owns 247,492 shares of the company's stock, valued at $6,704,558.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the sale, the chief executive officer now directly owns 554,904 shares in the company, valued at $14,433,053.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen D. Sautel sold 25,000 shares of Essential Properties Realty Trust stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now directly owns 247,492 shares of the company's stock, valued at approximately $6,704,558.28. The disclosure for this sale can be found here. In the last three months, insiders sold 51,906 shares of company stock valued at $1,351,999. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Essential Properties Realty Trust during the 4th quarter valued at about $26,000. Heritage Wealth Advisors raised its stake in shares of Essential Properties Realty Trust by 71.4% during the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company's stock worth $31,000 after acquiring an additional 500 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Essential Properties Realty Trust in the 4th quarter worth approximately $31,000. Signaturefd LLC boosted its stake in shares of Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company's stock valued at $64,000 after purchasing an additional 2,167 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Essential Properties Realty Trust by 15.5% during the 4th quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company's stock valued at $168,000 after purchasing an additional 881 shares during the last quarter. 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.