Essential Properties Realty Trust (NYSE:EPRT) Price Target Increased to $32.00 by Analysts at Stifel Nicolaus

Essential Properties Realty Trust (NYSE:EPRT) had its price target upped by research analysts at Stifel Nicolaus from $31.25 to $32.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 5.58% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group started coverage on Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 target price on the stock. Scotiabank lifted their target price on Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 29th. Mizuho lifted their target price on 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. UBS Group lifted their target price on 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. Finally, Evercore ISI cut Essential Properties Realty Trust from an “outperform” rating to an “in-line” rating and raised their price target for the company from $30.00 to $32.00 in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $30.04.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded down $0.06 on Thursday, reaching $30.31. The stock had a trading volume of 144,663 shares, compared to its average volume of 1,360,564. The stock has a market cap of $5.31 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $31.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61. The company has a 50 day simple moving average of $27.96 and a 200 day simple moving average of $26.32.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $27.09, for a total transaction of $677,250.00. Following the completion of the transaction, the director now owns 247,492 shares in the company, valued at $6,704,558.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Stephen D. Sautel sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now owns 247,492 shares in the company, valued at $6,704,558.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total value of $33,600.00. Following the completion of the sale, the chief executive officer now owns 513,264 shares of the company’s stock, valued at approximately $14,371,392. The disclosure for this sale can be found here. Insiders sold 59,775 shares of company stock worth $1,641,734 over the last 90 days. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

Large investors have recently modified their holdings of the company. Heritage Wealth Advisors raised its stake in Essential Properties Realty Trust by 71.4% in the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after buying an additional 500 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Essential Properties Realty Trust by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 33,614 shares of the company’s stock worth $859,000 after buying an additional 540 shares in the last quarter. Thoroughbred Financial Services LLC raised its stake in Essential Properties Realty Trust by 5.3% in 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 increased its position in shares of 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 purchasing an additional 658 shares in the last quarter. Finally, Foundry Partners LLC increased its position in shares of Essential Properties Realty Trust by 4.1% during the fourth quarter. Foundry Partners LLC now owns 17,174 shares of the company’s stock worth $439,000 after purchasing an additional 670 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.