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.
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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