Essential Properties Realty Trust (NYSE:EPRT) Stock Gets Price Target Cut from Citigroup

by · The Markets Daily

Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) had its price objective dropped by Citigroup from $36.00 to $30.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price indicates a potential upside of 11.40% from the stock’s current price.

Other analysts also recently issued reports about the stock. Truist Financial started coverage on shares of Essential Properties Realty Trust in a research report on Thursday, October 1st. They set a “buy” rating and a $31.00 price objective on the stock. Mizuho dropped their target price on shares of Essential Properties Realty Trust from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Wall Street Zen cut shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James Financial reissued a “strong-buy” rating and set a $37.00 price target on shares of Essential Properties Realty Trust in a research report on Thursday. Finally, Scotiabank decreased their price objective on shares of Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.96.

View Our Latest Report on Essential Properties Realty Trust

Essential Properties Realty Trust Stock Up 1.0%

Essential Properties Realty Trust stock traded up $0.26 during mid-day trading on Monday, hitting $26.93. The company had a trading volume of 439,340 shares, compared to its average volume of 2,068,685. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $27.82 and its two-hundred day moving average price is $30.01. Essential Properties Realty Trust has a 12 month low of $24.62 and a 12 month high of $34.73. The company has a market capitalization of $5.93 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The company had revenue of $168.67 million for the quarter, compared to the consensus estimate of $158.17 million. Essential Properties Realty Trust had a net margin of 41.03% and a return on equity of 5.95%. Essential Properties Realty Trust’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. As a group, sell-side analysts anticipate that Essential Properties Realty Trust will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Essential Properties Realty Trust by 47.8% during the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after acquiring an additional 433 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Essential Properties Realty Trust during the second quarter valued at approximately $41,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Essential Properties Realty Trust by 79.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,612 shares of the company’s stock valued at $49,000 after purchasing an additional 713 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Essential Properties Realty Trust by 100.6% during the third quarter. Versant Capital Management Inc now owns 2,824 shares of the company’s stock valued at $73,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Essential Properties Realty Trust by 21.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock worth $82,000 after purchasing an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

(Get Free Report)

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.

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