Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $35.00

Essential Properties Realty Trust (NYSE:EPRT) had its target price boosted by investment analysts at Mizuho from $31.00 to $35.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 5.87% from the stock’s current price.

A number of other brokerages have also recently weighed in on EPRT. Truist Financial upped their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company dropped their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Evercore ISI upped their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Raymond James lifted their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.29.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $33.06 on Thursday. The company has a market cap of $5.80 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $30.14. Essential Properties Realty Trust has a 12-month low of $23.00 and a 12-month high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. During the same quarter in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 27.8% on a year-over-year basis. As a group, research analysts predict that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its holdings in shares of Essential Properties Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company’s stock worth $839,000 after purchasing an additional 2,164 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Essential Properties Realty Trust by 25.8% during the first quarter. Centersquare Investment Management LLC now owns 19,600 shares of the company’s stock valued at $516,000 after acquiring an additional 4,020 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock valued at $676,561,000 after acquiring an additional 1,060,079 shares during the period. Allstate Corp bought a new position in shares of Essential Properties Realty Trust during the first quarter worth about $2,461,000. Finally, Nicola Wealth Management LTD. increased its holdings in shares of Essential Properties Realty Trust by 65.2% in the 1st quarter. Nicola Wealth Management LTD. now owns 51,161 shares of the company’s stock worth $1,364,000 after acquiring an additional 20,200 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.