Truist Financial Forecasts Strong Price Appreciation for Essential Properties Realty Trust (NYSE:EPRT) Stock

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price objective lifted by research analysts at Truist Financial from $35.00 to $36.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 12.49% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank dropped their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target on the stock. Barclays reduced their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $34.91.

Essential Properties Realty Trust Stock Up 0.0 %

Essential Properties Realty Trust stock traded up $0.01 during midday trading on Monday, reaching $32.00. The stock had a trading volume of 238,430 shares, compared to its average volume of 1,423,303. The stock has a market capitalization of $6.32 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The firm's fifty day simple moving average is $31.67 and its 200-day simple moving average is $32.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust has a 1-year low of $26.07 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business had revenue of $129.35 million during the quarter, compared to the consensus estimate of $124.88 million. During the same period in the prior year, the firm earned $0.42 EPS. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, analysts expect that Essential Properties Realty Trust will post 1.83 EPS for the current fiscal year.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 30,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the sale, the director now directly owns 218,785 shares in the company, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Essential Properties Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its position in Essential Properties Realty Trust by 118.6% in the 3rd quarter. Barclays PLC now owns 297,989 shares of the company's stock worth $10,176,000 after purchasing an additional 161,697 shares in the last quarter. Truist Financial Corp bought a new stake in Essential Properties Realty Trust during the fourth quarter worth $287,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Essential Properties Realty Trust by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock worth $2,946,000 after purchasing an additional 26,234 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Essential Properties Realty Trust by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after purchasing an additional 43,179 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Essential Properties Realty Trust during the 4th quarter valued at $346,000. 96.98% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.