Essential Properties Realty Trust (NYSE:EPRT) had its target price lifted by investment analysts at Bank of America from $14.00 to $14.30 in a research note issued on Monday. The brokerage presently has a “neutral” rating on the stock. Bank of America’s price target would indicate a potential downside of 1.58% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup began coverage on Essential Properties Realty Trust in a report on Monday, July 16th. They set a “neutral” rating and a $14.00 target price for the company. SunTrust Banks began coverage on Essential Properties Realty Trust in a report on Monday, July 16th. They set a “buy” rating and a $16.00 target price for the company. LADENBURG THALM/SH SH assumed coverage on Essential Properties Realty Trust in a report on Monday, July 16th. They set a “buy” rating and a $16.00 target price for the company. Barclays assumed coverage on shares of Essential Properties Realty Trust in a research note on Monday, July 16th. They set an “equal weight” rating and a $15.00 price objective for the company. Finally, Goldman Sachs Group assumed coverage on shares of Essential Properties Realty Trust in a research note on Monday, July 16th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.13.

EPRT stock traded up $0.25 during trading hours on Monday, reaching $14.53. 6,470 shares of the stock were exchanged, compared to its average volume of 335,922. Essential Properties Realty Trust has a 12 month low of $13.22 and a 12 month high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.12). sell-side analysts forecast that Essential Properties Realty Trust will post 0.87 earnings per share for the current year.

In other Essential Properties Realty Trust news, Director Paul T. Bossidy acquired 5,000 shares of Essential Properties Realty Trust stock in a transaction dated Friday, August 17th. The stock was bought at an average cost of $14.02 per share, for a total transaction of $70,100.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Gregg A. Seibert acquired 8,000 shares of Essential Properties Realty Trust stock in a transaction dated Wednesday, August 22nd. The shares were acquired at an average price of $14.31 per share, with a total value of $114,480.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 7,818,611 shares of company stock valued at $109,463,434.

Several institutional investors have recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $271,000. Centersquare Investment Management LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $315,000. American Century Companies Inc. acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $423,000. Point72 Hong Kong Ltd acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $563,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $596,000. Institutional investors own 81.87% 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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