Zacks Investment Research upgraded shares of Essential Properties Realty Trust (NYSE:EPRT) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. “

Several other analysts also recently commented on the stock. Bank of America raised their price objective on shares of Essential Properties Realty Trust from $14.00 to $14.30 and gave the company a neutral rating in a research report on Monday, September 10th. Credit Suisse Group assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set an outperform rating and a $15.50 price objective on the stock. Citigroup started coverage on shares of Essential Properties Realty Trust in a report on Monday, July 16th. They issued a neutral rating and a $14.00 price target on the stock. SunTrust Banks started coverage on shares of Essential Properties Realty Trust in a report on Monday, July 16th. They issued a buy rating and a $16.00 price target on the stock. Finally, LADENBURG THALM/SH SH started coverage on shares of Essential Properties Realty Trust in a report on Monday, July 16th. They issued a buy rating and a $16.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $15.13.

Shares of EPRT stock traded down $0.12 on Wednesday, hitting $14.04. 162,559 shares of the stock traded hands, compared to its average volume of 536,011. Essential Properties Realty Trust has a 52 week low of $13.05 and a 52 week high of $14.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.15 and a current ratio of 12.86.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to the consensus estimate of $25.60 million. Equities research analysts predict that Essential Properties Realty Trust will post 0.85 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were issued a $0.224 dividend. The ex-dividend date was Thursday, September 27th.

In related news, VP Gregg A. Seibert purchased 8,000 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, August 22nd. The shares were bought at an average cost of $14.31 per share, for a total transaction of $114,480.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregg A. Seibert purchased 6,000 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, November 6th. The stock was bought at an average price of $14.12 per share, for a total transaction of $84,720.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 43,000 shares of company stock worth $608,980.

Institutional investors have recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $271,000. Centersquare Investment Management LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $315,000. American International Group Inc. bought a new stake in shares of Essential Properties Realty Trust in the 3rd quarter worth about $335,000. American Century Companies Inc. bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $423,000. Finally, Rhumbline Advisers bought a new stake in shares of Essential Properties Realty Trust in the 3rd quarter worth about $484,000. Hedge funds and other institutional investors own 84.60% of the company’s stock.

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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