Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $33.91.
Several research analysts recently issued reports on EPRT shares. Mizuho raised their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Barclays began coverage on Essential Properties Realty Trust in a report on Tuesday, December 17th. They set an "overweight" rating and a $35.94 target price on the stock. Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. Finally, UBS Group raised their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th.
Get Our Latest Stock Analysis on Essential Properties Realty Trust
Shares of EPRT stock opened at $31.76 on Friday. 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 business has a fifty day moving average of $32.40 and a 200 day moving average of $31.81. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 2.80 and a beta of 1.39. Essential Properties Realty Trust has a 1 year low of $23.58 and a 1 year high of $34.88.
Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. During the same period last year, the firm earned $0.42 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, research analysts expect that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.72%. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.29. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.
A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $28,000 after acquiring an additional 399 shares in the last quarter. Quarry LP grew its position in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after purchasing an additional 468 shares during the last quarter. Versant Capital Management Inc lifted its position 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 buying an additional 827 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in Essential Properties Realty Trust during the third quarter worth approximately $79,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.
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.
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