Essential Properties Realty Trust (NYSE:EPRT) Now Covered by Analysts at Capital One Financial

Capital One Financial began coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $35.00 price objective on the stock.

Several other equities research analysts also recently commented on EPRT. Mizuho upped their target price on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price target on the stock. Barclays dropped their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group upped their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.92.

Essential Properties Realty Trust Trading Down 1.4 %

Shares of NYSE EPRT opened at $30.75 on Wednesday. Essential Properties Realty Trust has a 12 month low of $23.58 and a 12 month high of $34.88. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.91 and a beta of 1.40. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $32.11.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Sell-side analysts predict that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after acquiring an additional 827 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

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.