Zacks Investment Research lowered shares of Essential Properties Realty Trust (NYSE:EPRT) from a hold rating to a sell rating in a research note issued to investors on Monday.

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 have also recently issued research reports about the stock. Citigroup began coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set a neutral rating and a $14.00 target price for the company. SunTrust Banks began coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set a buy rating and a $16.00 target price for the company. LADENBURG THALM/SH SH began coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set a buy rating and a $16.00 target price for the company. Barclays began 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 target price for the company. Finally, Goldman Sachs Group began coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They set a buy rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Essential Properties Realty Trust has a consensus rating of Hold and an average price target of $15.13.

NYSE:EPRT opened at $14.39 on Monday. Essential Properties Realty Trust has a 52 week low of $13.22 and a 52 week high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, August 8th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.12). equities research analysts forecast that Essential Properties Realty Trust will post 0.87 earnings per share for the current fiscal year.

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

In related news, Director Scott A. Estes purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was acquired at an average price of $14.04 per share, with a total value of $140,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregg A. Seibert purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was bought at an average cost of $14.31 per share, with a total value of $114,480.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,818,611 shares of company stock valued at $109,463,434.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centersquare Investment Management LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth $315,000. Penn Capital Management Co. Inc. purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth $951,000. Long Pond Capital LP purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth $40,620,000. Citadel Advisors LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth $47,771,000. Finally, Key Square Capital Management LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth $8,747,000. 81.87% of the stock is owned by institutional investors and hedge funds.

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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