Mizuho Forecasts Strong Price Appreciation for Essential Properties Realty Trust (NYSE:EPRT) Stock

Essential Properties Realty Trust (NYSE:EPRT) had its price target raised by stock analysts at Mizuho from $31.00 to $35.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 6.51% from the stock’s previous close.

Several other brokerages have also recently issued reports on EPRT. UBS Group lifted their target price on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus raised their target price on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Evercore ISI lifted their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Scotiabank upped their target price on Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.37.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $32.86 on Thursday. The stock has a market capitalization of $5.76 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.75 and a beta of 1.37. Essential Properties Realty Trust has a 52 week low of $23.01 and a 52 week high of $34.51. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The stock’s 50-day moving average price is $33.01 and its 200-day moving average price is $30.20.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, equities analysts expect that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This trade represents a 5.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Essential Properties Realty Trust by 95.2% in the third 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. Asset Dedication LLC purchased a new position in Essential Properties Realty Trust in the 2nd quarter valued at about $27,000. Quarry LP boosted its stake in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares during the last quarter. CWM LLC grew its holdings in shares of 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. Finally, GAMMA Investing LLC raised its position in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after buying an additional 1,046 shares during the last quarter. Institutional investors and hedge funds 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.