Essential Properties Realty Trust Inc (NYSE:EPRT) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.58.

Several equities analysts recently commented on EPRT shares. Zacks Investment Research raised shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, December 25th. Bank of America lowered shares of Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a research report on Thursday, November 15th. Finally, Boenning Scattergood started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 12th. They set an “outperform” rating and a $17.00 price target for the company.

Shares of NYSE:EPRT traded down $0.03 during trading on Monday, reaching $14.27. The stock had a trading volume of 254,600 shares, compared to its average volume of 303,525. The company has a debt-to-equity ratio of 0.62, a current ratio of 12.86 and a quick ratio of 12.86. Essential Properties Realty Trust has a fifty-two week low of $13.05 and a fifty-two week high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $25.60 million. As a group, research analysts expect that Essential Properties Realty Trust will post 0.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, December 28th. This represents a $0.84 annualized dividend and a yield of 5.89%.

In other Essential Properties Realty Trust news, Director Paul T. Bossidy acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average cost of $14.22 per share, for a total transaction of $56,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Mavoides bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $14.29 per share, with a total value of $142,900.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 23,600 shares of company stock valued at $333,991.

Several hedge funds have recently made changes to their positions in the company. Deutsche Bank AG boosted its stake in shares of Essential Properties Realty Trust by 83.4% in the third quarter. Deutsche Bank AG now owns 3,148,058 shares of the company’s stock valued at $44,667,000 after purchasing an additional 1,431,185 shares during the period. BlackRock Inc. boosted its stake in shares of Essential Properties Realty Trust by 230.7% in the third quarter. BlackRock Inc. now owns 2,148,745 shares of the company’s stock valued at $30,491,000 after purchasing an additional 1,499,036 shares during the period. Millennium Management LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter valued at $19,566,000. Alliancebernstein L.P. purchased a new position in shares of Essential Properties Realty Trust in the third quarter valued at $18,482,000. Finally, Vanguard Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 248.8% in the third quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock valued at $14,849,000 after purchasing an additional 746,426 shares during the period. Institutional investors and hedge funds own 78.81% 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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