Zacks Investment Research upgraded shares of Essential Properties Realty Trust (NYSE:EPRT) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $16.00 price target on the stock.

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. “

Separately, Bank of America upped their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $15.26.

Shares of Essential Properties Realty Trust stock opened at $14.22 on Wednesday. Essential Properties Realty Trust has a 52 week low of $13.05 and a 52 week high of $14.75. 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 (NYSE:EPRT) last issued 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 business had revenue of $25.74 million for the quarter, compared to the consensus estimate of $25.60 million. Research analysts expect that Essential Properties Realty Trust will post 0.88 EPS for the current year.

In other news, VP Gregg A. Seibert acquired 6,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price of $14.12 per share, for a total transaction of $84,720.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul T. Bossidy acquired 4,000 shares of the stock in a transaction that occurred on 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 22,100 shares of company stock valued at $313,396 in the last quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EPRT. Dean Capital Investments Management LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $596,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $1,153,000. Russell Investments Group Ltd. bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $3,977,000. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $271,000. Finally, American Century Companies Inc. bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $423,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

About Essential Properties Realty Trust

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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