Essential Properties Realty Trust (EPRT) PT Set at $21.00 by Boenning Scattergood

Boenning Scattergood set a $21.00 price objective on Essential Properties Realty Trust (NYSE:EPRT) in a research note issued to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on EPRT. Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a buy rating to a hold rating in a research report on Monday, May 6th. Stifel Nicolaus assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, April 1st. They issued a buy rating and a $21.50 target price on the stock. Barclays reissued a hold rating and issued a $18.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, April 16th. Berenberg Bank assumed 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, Credit Suisse Group lifted their target price on shares of Essential Properties Realty Trust from $18.00 to $19.00 and gave the stock an outperform rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $18.57.

Essential Properties Realty Trust stock opened at $20.10 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.18 and a current ratio of 6.18. Essential Properties Realty Trust has a fifty-two week low of $13.05 and a fifty-two week high of $20.95.



Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.14). The firm had revenue of $31.11 million during the quarter, compared to analysts’ expectations of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.58% and a net margin of 19.25%. As a group, sell-side analysts predict that Essential Properties Realty Trust will post 1.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Thursday, March 28th.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth approximately $37,000. Penserra Capital Management LLC acquired a new stake in shares of Essential Properties Realty Trust during the first quarter worth approximately $37,000. Nisa Investment Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust during the first quarter worth approximately $40,000. Legal & General Group Plc boosted its holdings in shares of Essential Properties Realty Trust by 35.0% during the third quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after purchasing an additional 1,399 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Essential Properties Realty Trust in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 98.32% of the company’s stock.

Essential Properties Realty Trust Company Profile

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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