Essential Properties Realty Trust, Inc. (NYSE:EPRT) Receives $28.22 Consensus Target Price from Analysts

Essential Properties Realty Trust, Inc. (NYSE:EPRT) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $28.22.

A number of equities research analysts recently weighed in on the stock. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $28.50 in a report on Friday, March 22nd. BMO Capital Markets assumed coverage on shares of Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. Raymond James lifted their price objective on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, January 8th. B. Riley reiterated a “buy” rating and set a $29.00 price objective (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Mizuho reduced their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 7th.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $24.35, for a total value of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares of the company’s stock, valued at approximately $13,918,606.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the sale, the chief executive officer now owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 11,904 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $24.35, for a total transaction of $289,862.40. Following the sale, the chief executive officer now directly owns 571,606 shares in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. Insiders have sold a total of 44,524 shares of company stock valued at $1,113,438 in the last 90 days. Insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

Several large investors have recently bought and sold shares of the stock. Seven Grand Managers LLC purchased a new stake in Essential Properties Realty Trust during the 1st quarter worth approximately $4,785,000. Raymond James & Associates grew its position in Essential Properties Realty Trust by 40.6% during the 1st quarter. Raymond James & Associates now owns 422,679 shares of the company’s stock worth $11,269,000 after purchasing an additional 122,085 shares during the last quarter. Naviter Wealth LLC acquired a new stake in Essential Properties Realty Trust during the 1st quarter valued at approximately $279,000. Allspring Global Investments Holdings LLC lifted its stake in Essential Properties Realty Trust by 14.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,813 shares of the company’s stock valued at $582,000 after acquiring an additional 2,681 shares during the period. Finally, Hazelview Securities Inc. lifted its stake in Essential Properties Realty Trust by 112.9% during the 1st quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock valued at $22,731,000 after acquiring an additional 460,065 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.2 %

Shares of EPRT opened at $26.33 on Thursday. Essential Properties Realty Trust has a 1-year low of $20.49 and a 1-year high of $26.77. The company has a 50-day moving average of $25.27 and a 200 day moving average of $24.45. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.01 and a quick ratio of 5.01.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is currently 91.94%.

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.