Essential Properties Realty Trust Inc (NYSE:EPRT) Receives $18.57 Consensus PT from Brokerages

Shares of Essential Properties Realty Trust Inc (NYSE:EPRT) have earned an average recommendation of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.57.

A number of brokerages have issued reports on EPRT. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, May 21st. Boenning Scattergood set a $21.00 price target on shares of Essential Properties Realty Trust and gave the stock a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus assumed coverage on shares of Essential Properties Realty Trust in a research note on Monday, April 1st. They set a “buy” rating and a $21.50 price target on the stock. Barclays restated a “hold” rating and set a $18.00 target price on shares of Essential Properties Realty Trust in a research note on Tuesday, April 16th. Finally, Berenberg Bank assumed coverage on shares of Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They set a “buy” rating on the stock.

Shares of NYSE:EPRT opened at $20.99 on Thursday. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 0.49. Essential Properties Realty Trust has a 1 year low of $13.05 and a 1 year high of $21.68.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.14). The business had revenue of $31.11 million for the quarter, compared to analysts’ expectations of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. Equities research analysts forecast that Essential Properties Realty Trust will post 1.16 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in EPRT. Bank of New York Mellon Corp bought a new position in Essential Properties Realty Trust in the 3rd quarter worth approximately $1,483,000. TIAA CREF Investment Management LLC bought a new position in Essential Properties Realty Trust in the 3rd quarter worth approximately $1,020,000. Vanguard Group Inc. boosted its holdings in Essential Properties Realty Trust by 248.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock worth $14,849,000 after buying an additional 746,426 shares during the period. Legal & General Group Plc boosted its holdings in Essential Properties Realty Trust by 35.0% in the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after buying an additional 1,399 shares during the period. Finally, Strs Ohio boosted its holdings in Essential Properties Realty Trust by 5.7% in the 4th quarter. Strs Ohio now owns 58,298 shares of the company’s stock worth $806,000 after buying an additional 3,150 shares during the period. Hedge funds and other institutional investors own 76.03% of the company’s stock.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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