Zacks Investment Research downgraded shares of Essential Properties Realty Trust (NYSE:EPRT) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. “

Other equities research analysts also recently issued reports about the company. Bank of America downgraded Essential Properties Realty Trust from a neutral rating to an underperform rating in a report on Thursday, November 15th. Boenning Scattergood assumed coverage on Essential Properties Realty Trust in a report on Wednesday, December 12th. They set an outperform rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $15.35.

Shares of NYSE:EPRT opened at $14.35 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 12.86 and a current ratio of 12.86. Essential Properties Realty Trust has a one year low of $13.05 and a one year high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Monday, November 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $25.74 million for the quarter, compared to analysts’ expectations of $25.60 million. On average, equities research analysts expect that Essential Properties Realty Trust will post 0.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 14th. Shareholders of record on Monday, December 31st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.84 annualized dividend and a yield of 5.85%.

In other news, insider Peter M. Mavoides purchased 10,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average cost of $14.29 per share, for a total transaction of $142,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul T. Bossidy purchased 4,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $14.22 per share, with a total value of $56,880.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 23,600 shares of company stock worth $333,991 over the last 90 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted its position in Essential Properties Realty Trust by 35.0% during the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after acquiring an additional 1,399 shares during the period. State of Alaska Department of Revenue boosted its position in Essential Properties Realty Trust by 114.5% during the 4th quarter. State of Alaska Department of Revenue now owns 10,709 shares of the company’s stock worth $148,000 after acquiring an additional 5,717 shares during the period. Claybrook Capital LLC acquired a new position in Essential Properties Realty Trust during the 3rd quarter worth $142,000. American International Group Inc. acquired a new position in Essential Properties Realty Trust during the 3rd quarter worth $335,000. Finally, Rhumbline Advisers acquired a new position in Essential Properties Realty Trust during the 3rd quarter worth $484,000. Institutional investors and hedge funds own 78.81% 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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

Read More: Analyst Ratings Trading

Get a free copy of the Zacks research report on Essential Properties Realty Trust (EPRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.