Essential Properties Realty Trust (EPRT) Receives Hold Rating from Barclays

Barclays reiterated their hold rating on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research report released on Tuesday, AnalystRatings.com reports. Barclays currently has a $18.00 price objective on the stock.

Other analysts have also issued reports about the stock. SunTrust Banks lifted their price target on shares of Essential Properties Realty Trust from $17.50 to $20.00 and gave the stock a buy rating in a research note on Monday, March 18th. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a hold rating to a buy rating and set a $19.00 price target for the company in a research note on Wednesday, March 6th. Boenning Scattergood reiterated a buy rating on shares of Essential Properties Realty Trust in a research note on Wednesday, March 20th. Stifel Nicolaus started coverage on shares of Essential Properties Realty Trust in a research note on Monday, April 1st. They issued a buy rating and a $21.50 price target for the company. Finally, Raymond James started coverage on shares of Essential Properties Realty Trust in a research note on Monday, February 25th. They issued a market perform rating and a $16.70 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $17.77.

Shares of EPRT stock opened at $18.91 on Tuesday. Essential Properties Realty Trust has a 52 week low of $13.05 and a 52 week high of $19.92. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.18 and a quick ratio of 6.18.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Thursday, March 28th.

Several institutional investors and hedge funds have recently bought and sold shares of EPRT. Wells Fargo & Company MN purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth approximately $486,000. Rhumbline Advisers purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth approximately $484,000. Bank of New York Mellon Corp purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth approximately $1,483,000. BlackRock Inc. boosted its holdings in shares of Essential Properties Realty Trust by 230.7% in the third quarter. BlackRock Inc. now owns 2,148,745 shares of the company’s stock worth $30,491,000 after buying an additional 1,499,036 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth approximately $521,000. 98.32% of the stock is currently owned by institutional investors.

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.

Further Reading: Inflation

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

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