Essential Properties Realty Trust (NYSE:EPRT) Rating Reiterated by Wells Fargo & Company

Essential Properties Realty Trust (NYSE:EPRT)‘s stock had its “overweight” rating reiterated by stock analysts at Wells Fargo & Company in a report issued on Tuesday, Benzinga reports. They presently have a $37.00 price target on the stock, up from their prior price target of $34.00. Wells Fargo & Company‘s price target suggests a potential upside of 9.56% from the stock’s current price.

Several other analysts have also recently commented on EPRT. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, September 26th. Wedbush assumed coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price target on the stock. Evercore ISI upped their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. The Goldman Sachs Group assumed coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They set a “buy” rating and a $33.00 price target on the stock. Finally, UBS Group upped their price target on Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $32.37.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded down $0.38 during trading hours on Tuesday, reaching $33.77. The company had a trading volume of 193,959 shares, compared to its average volume of 1,370,809. The stock has a 50-day moving average of $31.44 and a two-hundred day moving average of $28.56. Essential Properties Realty Trust has a one year low of $20.49 and a one year high of $34.51. The firm has a market capitalization of $5.92 billion, a PE ratio of 27.54, a PEG ratio of 2.93 and a beta of 1.37. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.13). The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. Essential Properties Realty Trust’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts forecast that Essential Properties Realty Trust will post 1.68 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 12,712 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the completion of the transaction, the chief executive officer now directly owns 500,552 shares in the company, valued at $14,030,472.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 12,712 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $28.03, for a total value of $356,317.36. Following the completion of the transaction, the chief executive officer now directly owns 500,552 shares in the company, valued at $14,030,472.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,729 shares of company stock worth $1,289,241. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Essential Properties Realty Trust

Hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its position in shares of Essential Properties Realty Trust by 409.2% in the first quarter. Daiwa Securities Group Inc. now owns 241,386 shares of the company’s stock valued at $6,435,000 after buying an additional 193,979 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Essential Properties Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after purchasing an additional 1,060,079 shares during the last quarter. Hazelview Securities Inc. lifted its holdings in Essential Properties Realty Trust by 112.9% during the 1st quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock worth $22,731,000 after purchasing an additional 460,065 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Essential Properties Realty Trust by 51.0% during the 1st quarter. Nordea Investment Management AB now owns 281,275 shares of the company’s stock worth $7,530,000 after purchasing an additional 94,970 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in Essential Properties Realty Trust by 5.7% during the 4th quarter. Heitman Real Estate Securities LLC now owns 1,048,293 shares of the company’s stock worth $26,794,000 after purchasing an additional 56,990 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.