Barclays Has Lowered Expectations for Essential Properties Realty Trust (NYSE:EPRT) Stock Price

Essential Properties Realty Trust (NYSE:EPRT) had its target price cut by stock analysts at Barclays from $36.00 to $35.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 10.02% from the company’s previous close.

A number of other research firms also recently commented on EPRT. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Scotiabank raised their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Wells Fargo & Company lowered their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Mizuho lifted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group upped their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.85.

Essential Properties Realty Trust Stock Down 0.9 %

Shares of NYSE:EPRT opened at $31.81 on Tuesday. Essential Properties Realty Trust has a one year low of $23.58 and a one year high of $34.88. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.94 and a beta of 1.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company has a 50 day moving average of $32.05 and a 200-day moving average of $32.07.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after acquiring an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares during the period. Versant Capital Management Inc boosted its stake in Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after acquiring an additional 827 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Essential Properties Realty Trust in the third quarter worth $79,000. Finally, GAMMA Investing LLC increased its stake in Essential Properties Realty Trust by 63.1% in the third quarter. GAMMA Investing LLC now owns 3,173 shares of the company’s stock valued at $108,000 after purchasing an additional 1,228 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

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.