Essential Properties Realty Trust (NYSE:EPRT) Given New $36.25 Price Target at Stifel Nicolaus

Essential Properties Realty Trust (NYSE:EPRT) had its price target lifted by Stifel Nicolaus from $32.00 to $36.25 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also weighed in on EPRT. Wedbush began coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an outperform rating and a $34.00 target price for the company. Raymond James lifted 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 report on Wednesday, August 21st. UBS Group increased their target price on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Wells Fargo & Company lifted their price target on Essential Properties Realty Trust from $31.00 to $34.00 and gave the company an overweight rating in a research note on Monday, August 26th. Finally, Scotiabank increased their price target on Essential Properties Realty Trust from $28.00 to $30.00 and gave the stock a sector perform rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $32.13.

Essential Properties Realty Trust Trading Up 0.5 %

NYSE EPRT opened at $34.15 on Thursday. The company has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $28.50. Essential Properties Realty Trust has a 12-month low of $20.49 and a 12-month high of $34.51. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.99 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.93 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). The company had revenue of $109.30 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.41 EPS. On average, analysts forecast that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 12,712 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $28.03, for a total value of $356,317.36. Following the sale, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction that occurred 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 directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter M. Mavoides sold 12,712 shares of Essential Properties Realty Trust stock in a transaction that occurred on 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 in the company, valued at $14,030,472.56. The disclosure for this sale can be found here. Insiders have sold 41,729 shares of company stock valued at $1,289,241 over the last ninety days. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC lifted its position in Essential Properties Realty Trust by 5.3% during the first quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock worth $343,000 after buying an additional 654 shares in the last quarter. New York State Teachers Retirement System lifted its position in Essential Properties Realty Trust by 0.3% during the first quarter. New York State Teachers Retirement System now owns 230,417 shares of the company’s stock worth $6,143,000 after buying an additional 658 shares in the last quarter. CWM LLC lifted its position in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after buying an additional 686 shares in the last quarter. CIBC Asset Management Inc lifted its position in Essential Properties Realty Trust by 7.8% during the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock worth $296,000 after buying an additional 772 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Essential Properties Realty Trust by 1.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock worth $1,180,000 after buying an additional 800 shares in 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.