Essential Properties Realty Trust (NYSE:EPRT) Coverage Initiated by Analysts at Royal Bank of Canada

Equities research analysts at Royal Bank of Canada assumed coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a report released on Friday, MarketBeat Ratings reports. The firm set a “sector perform” rating and a $21.00 price target on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 7.42% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Berenberg Bank set a €126.00 ($146.51) price target on shares of Nemetschek and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Yext in a report on Monday, March 18th. Boenning Scattergood set a $21.00 price target on shares of Essential Properties Realty Trust and gave the stock a “buy” rating in a report on Friday, May 10th. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus set a $7.00 price target on shares of Endologix and gave the stock a “hold” rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.29.

EPRT opened at $19.55 on Friday. Essential Properties Realty Trust has a twelve month low of $13.05 and a twelve month high of $21.83. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average price is $20.75.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. The firm had revenue of $31.11 million for the quarter, compared to analyst estimates of $29.27 million. As a group, research analysts anticipate that Essential Properties Realty Trust will post 1.17 earnings per share for the current fiscal year.

In other Essential Properties Realty Trust news, insider Peter M. Mavoides sold 43,891 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $19.82, for a total value of $869,919.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Gregg A. Seibert sold 24,352 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $482,656.64. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of Essential Properties Realty Trust by 59.6% in the fourth quarter. Rhumbline Advisers now owns 54,460 shares of the company’s stock worth $754,000 after acquiring an additional 20,341 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Essential Properties Realty Trust by 49,292.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock worth $89,000 after acquiring an additional 6,408 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter worth about $448,000. BlackRock Inc. lifted its stake in shares of Essential Properties Realty Trust by 39.2% in the fourth quarter. BlackRock Inc. now owns 2,991,567 shares of the company’s stock worth $41,403,000 after acquiring an additional 842,822 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Essential Properties Realty Trust by 154.5% in the fourth quarter. Bank of New York Mellon Corp now owns 266,166 shares of the company’s stock worth $3,683,000 after acquiring an additional 161,597 shares in the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.

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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