Essential Properties Realty Trust (NYSE:EPRT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $15.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 9.01% from the stock’s current price.

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. “

Separately, Bank of America cut shares of Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.11.

Shares of NYSE:EPRT opened at $13.76 on Tuesday. Essential Properties Realty Trust has a 52 week low of $13.05 and a 52 week high of $14.75. The company has a current ratio of 12.86, a quick ratio of 12.86 and a debt-to-equity ratio of 0.62.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $25.60 million. Equities research analysts predict that Essential Properties Realty Trust will post 0.87 EPS for the current fiscal year.

In related news, Director Paul T. Bossidy purchased 4,000 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, November 6th. The stock was bought at an average price of $14.22 per share, for a total transaction of $56,880.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel P. Donlan purchased 2,100 shares of Essential Properties Realty Trust stock in a transaction dated Thursday, November 15th. The stock was bought at an average price of $13.76 per share, with a total value of $28,896.00. The disclosure for this purchase can be found here. Insiders bought 22,100 shares of company stock valued at $313,396 in the last quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp acquired a new position in Essential Properties Realty Trust during the second quarter worth $271,000. Centersquare Investment Management LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth $315,000. American International Group Inc. acquired a new position in Essential Properties Realty Trust during the third quarter worth $335,000. American Century Companies Inc. acquired a new position in Essential Properties Realty Trust during the second quarter worth $423,000. Finally, Rhumbline Advisers acquired a new position in Essential Properties Realty Trust during the third quarter worth $484,000. Institutional investors and hedge funds own 88.14% 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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