Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $22.00 at Citigroup

Essential Properties Realty Trust (NYSE:EPRT) had its price objective lifted by research analysts at Citigroup from $20.50 to $22.00 in a research report issued on Monday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s price objective points to a potential upside of 0.09% from the company’s current price.

A number of other equities analysts have also recently issued reports on EPRT. Evercore ISI set a $21.00 price objective on shares of Essential Properties Realty Trust and gave the company a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Bank of America upgraded shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, June 11th. Berenberg Bank began coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, April 23rd. They issued a “buy” rating on the stock. Finally, ValuEngine cut shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.47.

EPRT stock opened at $21.98 on Monday. The firm’s 50-day moving average price is $20.74 and its two-hundred day moving average price is $19.54. Essential Properties Realty Trust has a 12-month low of $13.05 and a 12-month high of $22.46. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 1.95 and a beta of 0.49. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.56.

In related news, VP Gregg A. Seibert sold 24,352 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $482,656.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter M. Mavoides sold 43,891 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $869,919.62. The disclosure for this sale can be found here. Insiders sold 26,356,559 shares of company stock worth $515,289,154 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EAM Global Investors LLC purchased a new position in shares of Essential Properties Realty Trust during the first quarter valued at about $1,559,000. Marshall Wace North America L.P. purchased a new position in shares of Essential Properties Realty Trust during the first quarter valued at about $751,000. Brasada Capital Management LP purchased a new position in shares of Essential Properties Realty Trust during the first quarter valued at about $1,100,000. Geode Capital Management LLC increased its position in shares of Essential Properties Realty Trust by 55.3% during the fourth quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock valued at $5,263,000 after buying an additional 135,474 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Essential Properties Realty Trust during the first quarter valued at about $37,000. Institutional investors own 74.72% 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.

Further Reading: The Discount Rate – What You Need to Know

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

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.