Essential Properties Realty Trust (NYSE:EPRT) Price Target Cut to $31.00 by Analysts at Cantor Fitzgerald

Essential Properties Realty Trust (NYSE:EPRT) had its price target dropped by research analysts at Cantor Fitzgerald from $37.00 to $31.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price target would suggest a potential upside of 13.39% from the stock’s previous close.

Several other equities analysts have also recently weighed in on EPRT. Barclays lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Evercore reiterated an “outperform” rating and set a $37.00 price target on shares of Essential Properties Realty Trust in a research note on Monday, September 21st. Wall Street Zen lowered Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings downgraded Essential Properties Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Finally, Mizuho cut their target price on Essential Properties Realty Trust from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.46.

Essential Properties Realty Trust Trading Up 2.2%

NYSE EPRT opened at $27.34 on Tuesday. The company has a quick ratio of 4.94, a current ratio of 4.94 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $27.34 and its 200 day moving average is $30.44. The firm has a market capitalization of $6.02 billion, a PE ratio of 22.23, a P/E/G ratio of 2.36 and a beta of 0.82. Essential Properties Realty Trust has a twelve month low of $24.62 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, October 21st. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Essential Properties Realty Trust had a net margin of 41.03% and a return on equity of 5.95%. The business had revenue of $168.67 million for the quarter, compared to analysts’ expectations of $158.17 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts forecast that Essential Properties Realty Trust will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Essential Properties Realty Trust

Several institutional investors have recently added to or reduced their stakes in EPRT. CenterBook Partners LP bought a new stake in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $447,000. Kestra Advisory Services LLC increased its holdings in Essential Properties Realty Trust by 5.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 10,356 shares of the company’s stock worth $267,000 after purchasing an additional 562 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Essential Properties Realty Trust by 3.4% during the third quarter. Commonwealth Equity Services LLC now owns 15,726 shares of the company’s stock valued at $406,000 after buying an additional 515 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Essential Properties Realty Trust by 406.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,173,499 shares of the company’s stock worth $30,288,000 after acquiring an additional 941,768 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Essential Properties Realty Trust in the 3rd quarter worth approximately $164,000. Institutional investors own 96.98% of the company’s stock.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.