Essential Properties Realty Trust Inc (NYSE:EPRT) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of Essential Properties Realty Trust Inc (NYSE:EPRT) have received an average recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.32.

A number of analysts have recently commented on EPRT shares. Bank of America upgraded Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and boosted their price target for the company from $20.00 to $23.00 in a report on Tuesday, June 11th. Evercore ISI set a $21.00 price target on Essential Properties Realty Trust and gave the company a “hold” rating in a report on Wednesday, August 7th. Boenning Scattergood set a $21.00 price target on Essential Properties Realty Trust and gave the company a “buy” rating in a report on Friday, May 10th. Citigroup boosted their price target on Essential Properties Realty Trust from $20.50 to $22.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada started coverage on Essential Properties Realty Trust in a report on Friday, July 12th. They issued a “sector perform” rating and a $21.00 price target on the stock.

In related news, major shareholder Eldridge Industries, Llc sold 26,288,316 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $19.55, for a total transaction of $513,936,577.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Gregg A. Seibert sold 24,352 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $19.82, for a total value of $482,656.64. The disclosure for this sale can be found here. Insiders have sold 26,356,559 shares of company stock worth $515,289,154 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPRT. Frontier Capital Management Co. LLC raised its holdings in Essential Properties Realty Trust by 95.3% during the first quarter. Frontier Capital Management Co. LLC now owns 2,618,836 shares of the company’s stock worth $51,120,000 after acquiring an additional 1,277,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Essential Properties Realty Trust by 16.2% in the second quarter. Vanguard Group Inc. now owns 5,814,652 shares of the company’s stock valued at $116,526,000 after purchasing an additional 808,975 shares during the last quarter. FMR LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter valued at approximately $15,261,000. Lazard Asset Management LLC grew its position in shares of Essential Properties Realty Trust by 574.3% in the first quarter. Lazard Asset Management LLC now owns 760,809 shares of the company’s stock valued at $14,850,000 after purchasing an additional 647,981 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Essential Properties Realty Trust by 48.4% in the first quarter. Principal Financial Group Inc. now owns 1,829,971 shares of the company’s stock valued at $35,721,000 after purchasing an additional 596,461 shares during the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

Shares of Essential Properties Realty Trust stock opened at $21.91 on Tuesday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 2.16 and a beta of 0.49. The stock’s 50-day moving average is $20.84 and its 200-day moving average is $19.63. Essential Properties Realty Trust has a one year low of $13.05 and a one year high of $22.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.79 and a quick ratio of 2.79.

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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