Essential Properties Realty Trust (NYSE:EPRT) Downgraded by B. Riley to Neutral

Essential Properties Realty Trust (NYSE:EPRT) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They presently have a $33.50 price target on the stock, up from their previous price target of $29.50. B. Riley’s target price indicates a potential upside of 5.83% from the company’s current price.

Several other research firms have also recently commented on EPRT. Wells Fargo & Company cut their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Barclays lowered their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group boosted their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Mizuho boosted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.55.

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $31.66 on Wednesday. The business’s 50-day moving average price is $31.61 and its two-hundred day moving average price is $32.16. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.94 billion, a PE ratio of 27.77, a P/E/G ratio of 2.85 and a beta of 1.40. Essential Properties Realty Trust has a 1-year low of $23.58 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. As a group, research analysts forecast that Essential Properties Realty Trust will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Selective Wealth Management Inc. lifted its position in shares of Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock valued at $673,000 after acquiring an additional 395 shares during the period. Blue Trust Inc. lifted its position in shares of Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares during the period. Arizona State Retirement System lifted its position in shares of Essential Properties Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock valued at $1,592,000 after acquiring an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock valued at $233,000 after acquiring an additional 542 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.