Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) was given a consensus rating of “Hold” by the eight research firms that currently cover the stock, MarketBeat.com reports. Four analysts rated the stock with a hold rating and one assigned the company a buy rating. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $27.31.
The EPRT has been the subject of several research reports. Evercore ISI set a target price of $26.00 on shares of Essential Properties Realty Trust in a Monday, June 20 report. Credit Suisse Group reissued a “neutral” rating and issued a target price of $22.00 on shares of Essential Properties Realty Trust in a Thursday, June 23 report. Raymond James lowered his price target on Essential Properties Realty Trust shares from $34.00 to $30.00 and set an “outperform” rating for the company in a Friday, March 11 report. Goldman Sachs Group cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $31.00 to $26.00 in a report Wednesday, May 25. Finally, Truist Financial lowered its price target on Essential Properties Realty Trust shares from $32.00 to $28.00 and set an “na” rating for the company in a Monday, May 16 report.
Shares of Essential Properties Realty Trust opened at $22.09 on Tuesday. The company has a market capitalization of $2.90 billion, a price-earnings ratio of 25.10, a PEG ratio of 1.96 and a beta of 1.31. The company has a quick ratio of 3.20, a current ratio of 3.20 and a leverage ratio of 0.53. Essential Properties Realty Trust has a 12-month low of $19.73 and a 12-month high of $32.92. The company’s 50-day moving average price is $22.37 and its two-hundred-day moving average price is $24.72.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 30 will receive a dividend of $0.27 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, June 29. This represents an annualized dividend of $1.08 and a yield of 4.89%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 122.73%.
In other news, CEO Peter M. Mavoides bought 20,000 shares in a trade on Monday, June 13. The shares were purchased at an average price of $20.68 per share, for a total transaction of $413,600.00. Following the acquisition, the CEO now owns 459,170 shares of the company, valued at $9,495,635.60. The transaction was disclosed in a legal filing with the SEC, accessible via this link. 1.27% of the shares are currently held by insiders of the company.
A number of institutional investors have recently increased or reduced their stake in the EPRT. Quadrant Capital Group LLC increased its position in Essential Properties Realty Trust shares by 85.1% during the first quarter. Quadrant Capital Group LLC now owns 1,142 shares of the company worth $29,000 after purchasing an additional 525 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Essential Properties Realty Trust shares by 218.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,594 shares of the company worth $75,000 after purchasing an additional 1,779 shares during the period. Prospera Financial Services Inc acquired a new equity stake in Essential Properties Realty Trust during Q1 valued at approximately $128,000. Dupont Capital Management Corp acquired a new stake in the shares of Essential Properties Realty Trust during Q1 for a value of approximately $157,000. Finally, Exane Derivatives acquired a new equity stake in Essential Properties Realty Trust during Q1 for a value of approximately $175,000. Hedge funds and other institutional investors own 95.24% of the company’s shares.
About Essential Properties Real Estate Trust (Get an assessment)
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 mid-market businesses, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education childhood, groceries, and health and fitness on a long-term basis. .
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