Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $33.00 at Evercore ISI

Essential Properties Realty Trust (NYSE:EPRT) had its price objective increased by investment analysts at Evercore ISI from $32.00 to $33.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 5.33% from the company’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus increased their price objective on shares of Essential Properties Realty Trust from $31.25 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group increased 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 report on Thursday, July 18th. Scotiabank increased their price objective on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Raymond James increased 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 report on Wednesday, August 21st. Finally, Mizuho increased their price objective on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.73.

Essential Properties Realty Trust Stock Down 0.5 %

NYSE:EPRT traded down $0.15 during mid-day trading on Wednesday, reaching $31.33. The company’s stock had a trading volume of 377,824 shares, compared to its average volume of 1,364,579. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $32.02. The stock has a fifty day moving average of $29.31 and a 200-day moving average of $27.16. The firm has a market capitalization of $5.49 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.35. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.13). The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that Essential Properties Realty Trust will post 1.69 earnings per share for the current year.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 12,712 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the sale, the chief executive officer now owns 500,552 shares in the company, valued at approximately $14,030,472.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Peter M. Mavoides sold 12,712 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $28.03, for a total value of $356,317.36. Following the completion of the sale, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at approximately $14,030,472.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 20,863 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the sale, the chief executive officer now directly owns 514,464 shares of the company’s stock, valued at $14,168,338.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,775 shares of company stock valued at $964,484. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

A number of hedge funds have recently added to or reduced their stakes in EPRT. Signaturefd LLC raised its holdings in Essential Properties Realty Trust by 666.8% during the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after purchasing an additional 2,167 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Essential Properties Realty Trust by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 64,369 shares of the company’s stock valued at $1,645,000 after purchasing an additional 896 shares during the last quarter. Van ECK Associates Corp boosted its position in Essential Properties Realty Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 21,862 shares of the company’s stock worth $559,000 after acquiring an additional 3,595 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Essential Properties Realty Trust by 20.5% in the fourth quarter. Natixis Advisors L.P. now owns 96,893 shares of the company’s stock valued at $2,476,000 after purchasing an additional 16,455 shares during the period. Finally, Metis Global Partners LLC purchased a new stake in Essential Properties Realty Trust during the fourth quarter valued at about $264,000. 96.98% of the stock is 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.