Essential Properties Realty Trust (NYSE:EPRT) Stock Rating Upgraded by Citigroup

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has a $28.50 target price on the stock, up from their prior target price of $25.00. Citigroup’s price objective would suggest a potential upside of 10.98% from the stock’s previous close.

Several other research analysts have also recently weighed in on EPRT. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price target for the company. Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Mizuho cut their price objective on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Truist Financial restated a “buy” rating and issued a $29.00 price objective on shares of Essential Properties Realty Trust in a research report on Monday, November 27th. Finally, B. Riley reaffirmed a “buy” rating and issued a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $28.22.

Get Our Latest Stock Report on EPRT

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $25.68 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01. The company has a market cap of $4.27 billion, a PE ratio of 20.71, a P/E/G ratio of 1.91 and a beta of 1.27. The business has a 50-day simple moving average of $24.84 and a two-hundred day simple moving average of $23.94. Essential Properties Realty Trust has a fifty-two week low of $20.49 and a fifty-two week high of $26.39.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 5,494 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $26.05, for a total value of $143,118.70. Following the completion of the transaction, the chief executive officer now directly owns 414,506 shares of the company’s stock, valued at approximately $10,797,881.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Peter M. Mavoides sold 17,618 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total transaction of $438,688.20. Following the completion of the sale, the chief executive officer now directly owns 353,303 shares in the company, valued at $8,797,244.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 5,494 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $26.05, for a total transaction of $143,118.70. Following the transaction, the chief executive officer now directly owns 414,506 shares in the company, valued at $10,797,881.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,348 shares of company stock worth $1,464,235. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG raised its stake in shares of Essential Properties Realty Trust by 31.4% in the third quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after acquiring an additional 1,267,534 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 9.0% in the third quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock valued at $1,078,000 after purchasing an additional 4,105 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Essential Properties Realty Trust by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock valued at $24,510,000 after purchasing an additional 63,496 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Essential Properties Realty Trust by 12.6% in the third quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock valued at $12,033,000 after purchasing an additional 62,169 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Essential Properties Realty Trust in the third quarter valued at approximately $715,000. 96.98% of the stock is owned by institutional investors and hedge funds.

About Essential Properties Realty Trust

(Get Free Report)

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.

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Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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