Essential Properties Realty Trust Inc (NYSE:EPRT) Director Stephen D. Sautel acquired 2,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $11.99 per share, for a total transaction of $23,980.00. Following the transaction, the director now directly owns 212,617 shares of the company’s stock, valued at approximately $2,549,277.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
EPRT stock opened at $13.82 on Thursday. Essential Properties Realty Trust Inc has a 1 year low of $6.08 and a 1 year high of $29.34. The company has a market cap of $1.29 billion, a P/E ratio of 21.94, a PEG ratio of 2.30 and a beta of 0.74. The firm has a 50-day moving average of $22.42 and a 200 day moving average of $24.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.71 and a quick ratio of 2.71.
Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Monday, March 2nd. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.13). Essential Properties Realty Trust had a net margin of 30.03% and a return on equity of 3.83%. The business had revenue of $39.21 million for the quarter, compared to the consensus estimate of $38.32 million. On average, equities research analysts expect that Essential Properties Realty Trust Inc will post 1.31 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on EPRT. Credit Suisse Group increased their target price on shares of Essential Properties Realty Trust from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, February 24th. Scotiabank assumed coverage on Essential Properties Realty Trust in a research report on Monday, December 16th. They set an “outperform” rating for the company. Royal Bank of Canada cut Essential Properties Realty Trust from a “sector perform” rating to an “underperform” rating and set a $22.00 price objective for the company. in a report on Wednesday, December 18th. Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Monday, December 16th. They issued an “overweight” rating and a $29.00 price objective on the stock. Finally, ValuEngine raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.10.
A number of hedge funds have recently bought and sold shares of EPRT. PNC Financial Services Group Inc. grew its stake in shares of Essential Properties Realty Trust by 270.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,082 shares of the company’s stock worth $27,000 after acquiring an additional 790 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Essential Properties Realty Trust in the 4th quarter worth about $30,000. Point72 Asset Management L.P. purchased a new stake in Essential Properties Realty Trust during the 3rd quarter valued at about $37,000. Winslow Evans & Crocker Inc. purchased a new stake in Essential Properties Realty Trust during the 4th quarter valued at about $98,000. Finally, Pinnacle Financial Partners Inc. purchased a new stake in Essential Properties Realty Trust during the 4th quarter valued at about $201,000. 96.29% of the stock is owned by institutional investors.
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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