Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Rating) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.92.
EPRT has been the topic of a number of research reports. Mizuho boosted their price objective on Essential Properties Realty Trust from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 9th. Stifel Nicolaus dropped their price target on Essential Properties Realty Trust from $27.75 to $27.25 in a research note on Thursday, April 27th. Truist Financial upped their price target on Essential Properties Realty Trust from $27.00 to $29.00 in a research report on Monday, February 27th. Raymond James upped their price objective on shares of Essential Properties Realty Trust from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, April 6th. Finally, LADENBURG THALM/SH SH dropped their target price on shares of Essential Properties Realty Trust from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Thursday, March 23rd.
Essential Properties Realty Trust Price Performance
Shares of NYSE:EPRT opened at $23.58 on Friday. The company has a quick ratio of 6.07, a current ratio of 6.07 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average is $24.40 and its 200-day moving average is $24.12. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.52 and a beta of 1.26. Essential Properties Realty Trust has a twelve month low of $18.88 and a twelve month high of $26.43.
Essential Properties Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.10 annualized dividend and a dividend yield of 4.66%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.80%.
Institutional Investors Weigh In On Essential Properties Realty Trust
Several hedge funds have recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at $25,000. Advisors Asset Management Inc. raised its holdings in shares of Essential Properties Realty Trust by 68.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth $34,000. Quadrant Capital Group LLC increased its stake in Essential Properties Realty Trust by 49.6% in the third quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company's stock valued at $36,000 after purchasing an additional 610 shares during the period. Finally, Ellevest Inc. raised its stake in shares of Essential Properties Realty Trust by 177.9% during the fourth quarter. Ellevest Inc. now owns 2,340 shares of the company's stock worth $55,000 after purchasing an additional 1,498 shares during the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.
About Essential Properties Realty Trust
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Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. Its portfolio includes the following: Captain D's, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday, and White Oak Station.
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