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

Essential Properties Realty Trust (NYSE:EPRT) had its price objective boosted by stock analysts at UBS Group from $39.00 to $40.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 21.73% from the company’s previous close.

A number of other research firms also recently issued reports on EPRT. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Wedbush assumed coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price target for the company. Evercore ISI upped their price objective 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. Raymond James raised their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, Truist Financial upped their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average price target of $33.37.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $32.86 on Thursday. The stock has a market cap of $5.76 billion, a P/E ratio of 28.57, a PEG ratio of 2.75 and a beta of 1.37. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $33.01 and its two-hundred day moving average price is $30.20. Essential Properties Realty Trust has a twelve month low of $23.01 and a twelve month high of $34.51.

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

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. The trade was a 5.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Asset Dedication LLC purchased a new position in shares of Essential Properties Realty Trust during the second quarter worth about $27,000. Blue Trust Inc. lifted its stake in shares of Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the period. Quarry LP boosted its stake in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after acquiring an additional 1,027 shares in the last quarter. CWM LLC grew its holdings in Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after purchasing an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Essential Properties Realty Trust by 116.4% during the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after acquiring an additional 1,046 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.