Essential Properties Realty Trust (NYSE:EPRT) PT Raised to $35.00

Essential Properties Realty Trust (NYSE:EPRT) had its price target raised by UBS Group from $30.00 to $35.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 13.31% from the stock’s previous close.

Several other research firms have also recently weighed in on EPRT. The Goldman Sachs Group started coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They set a “buy” rating and a $33.00 target price on the stock. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. Evercore ISI lowered shares of Essential Properties Realty Trust from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $30.00 to $32.00 in a research note on Wednesday. Mizuho boosted their price target on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Scotiabank increased their price objective on Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.

Essential Properties Realty Trust Stock Up 0.7 %

Shares of EPRT stock traded up $0.21 on Thursday, reaching $30.89. 172,424 shares of the company’s stock traded hands, compared to its average volume of 1,372,469. The company has a market capitalization of $5.42 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.35. Essential Properties Realty Trust has a 12-month low of $20.49 and a 12-month high of $31.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61. The business’s 50 day moving average price is $27.61 and its two-hundred day moving average price is $26.14.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 12,712 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $28.03, for a total value of $356,317.36. Following the completion of the sale, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Stephen D. Sautel sold 25,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $27.09, for a total transaction of $677,250.00. Following the completion of the sale, the director now directly owns 247,492 shares of the company’s stock, valued at approximately $6,704,558.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter M. Mavoides sold 12,712 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $28.03, for a total transaction of $356,317.36. Following the completion of the sale, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The disclosure for this sale can be found here. Insiders sold 59,775 shares of company stock valued at $1,641,734 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

A number of hedge funds have recently bought and sold shares of EPRT. Vanguard Group Inc. boosted its holdings in Essential Properties Realty Trust by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 24,730,518 shares of the company’s stock valued at $534,921,000 after purchasing an additional 134,840 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Essential Properties Realty Trust by 25.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,134 shares of the company’s stock valued at $387,000 after purchasing an additional 3,116 shares during the period. Arizona State Retirement System boosted its holdings in Essential Properties Realty Trust by 2.9% in the 4th quarter. Arizona State Retirement System now owns 43,616 shares of the company’s stock valued at $1,115,000 after purchasing an additional 1,237 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Essential Properties Realty Trust by 3.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 323,735 shares of the company’s stock valued at $8,433,000 after purchasing an additional 9,376 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Essential Properties Realty Trust by 1.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,417 shares of the company’s stock valued at $2,158,000 after buying an additional 1,325 shares in the last quarter. 96.98% 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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.