Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $32.00 at Scotiabank

by · The Cerbat Gem

Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) had its price objective upped by stock analysts at Scotiabank from $30.00 to $32.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 1.57% from the company’s current price.

Several other equities analysts also recently issued reports on EPRT. UBS Group upped their price objective on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Evercore ISI raised their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Raymond James boosted their price objective on 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. Truist Financial boosted their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group assumed coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They issued a “buy” rating and a $33.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.75.

Get Our Latest Report on Essential Properties Realty Trust

Essential Properties Realty Trust Trading Up 0.0 %

NYSE:EPRT opened at $32.51 on Friday. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $34.51. The stock has a market cap of $5.70 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90. The stock has a 50-day simple moving average of $31.91 and a 200-day simple moving average of $28.99.

Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, analysts anticipate that Essential Properties Realty Trust will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Large investors have recently bought and sold shares of the company. Asset Dedication LLC acquired a new stake in Essential Properties Realty Trust in the second quarter valued at $27,000. Quarry LP grew its holdings in Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after purchasing an additional 1,027 shares during the last quarter. CWM LLC lifted its position in shares of 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 acquiring an additional 686 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Essential Properties Realty Trust by 54.2% in the second quarter. Signaturefd LLC now owns 3,729 shares of the company’s stock valued at $103,000 after acquiring an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

About Essential Properties Realty Trust

(Get Free Report)

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.

Featured Articles