Essential Properties Realty Trust Inc (NYSE:EPRT) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.13.

Several equities analysts recently weighed in on EPRT shares. Zacks Investment Research raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Credit Suisse Group started coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set an “outperform” rating and a $15.50 price objective on the stock. Bank of America raised their price objective on shares of Essential Properties Realty Trust from $14.00 to $14.30 and gave the company a “neutral” rating in a research report on Monday, September 10th. Goldman Sachs Group started coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “buy” rating on the stock. Finally, Barclays started coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set an “equal weight” rating and a $15.00 price objective on the stock.

In other news, Director Paul T. Bossidy purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were bought at an average price of $14.02 per share, with a total value of $70,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregg A. Seibert purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was purchased at an average cost of $14.31 per share, for a total transaction of $114,480.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 33,000 shares of company stock worth $464,880.

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $19,566,000. Macquarie Group Ltd. bought a new position in Essential Properties Realty Trust during the second quarter worth $4,062,000. Point72 Hong Kong Ltd bought a new position in Essential Properties Realty Trust during the second quarter worth $563,000. Point72 Asset Management L.P. bought a new position in Essential Properties Realty Trust during the second quarter worth $3,385,000. Finally, Luminus Management LLC bought a new position in Essential Properties Realty Trust during the second quarter worth $4,062,000. 81.87% of the stock is currently owned by institutional investors.

EPRT traded up $0.08 during midday trading on Friday, hitting $13.88. 273,281 shares of the company’s stock traded hands, compared to its average volume of 513,392. The company has a quick ratio of 22.15, a current ratio of 22.15 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a one year low of $13.22 and a one year high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). As a group, equities analysts forecast that Essential Properties Realty Trust will post 0.85 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a $0.224 dividend. The ex-dividend date of this dividend is Thursday, September 27th.

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 services, convenience stores, entertainment, early childhood education, 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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