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

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) had its price objective cut by investment analysts at UBS Group from $37.00 to $36.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 16.07% from the stock's current price.

EPRT has been the subject of a number of other reports. Barclays reissued an "overweight" rating and issued a $37.00 price target (up from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. Scotiabank upped their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Truist Financial lifted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $34.98.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded up $0.02 during mid-day trading on Wednesday, hitting $31.02. 2,478,563 shares of the company's stock traded hands, compared to its average volume of 1,494,082. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.76 and a current ratio of 7.76. The company has a market cap of $6.13 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The firm's 50 day simple moving average is $32.09 and its 200 day simple moving average is $31.77. 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 quarterly earnings data 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). Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The business had revenue of $129.35 million for the quarter, compared to analysts' expectations of $124.88 million. During the same period last year, the business earned $0.42 earnings per share. The company's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts expect that Essential Properties Realty Trust will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company's stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of EPRT. TD Private Client Wealth LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter valued at $25,000. Crowley Wealth Management Inc. acquired a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp increased its stake in shares of 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 buying an additional 1,119 shares during the last quarter. Franchise Capital Ltd acquired a new stake in Essential Properties Realty Trust in the first quarter valued at $42,000. Finally, Quarry LP boosted its stake 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 acquiring an additional 1,182 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.